Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down – Should You Sell?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $86.42, but opened at $83.58. Fidelity Wise Origin Bitcoin Fund shares last traded at $83.22, with a volume of 619,534 shares changing hands.

Fidelity Wise Origin Bitcoin Fund Trading Down 3.0 %

The firm has a fifty day moving average price of $76.45 and a 200-day moving average price of $61.84.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in Fidelity Wise Origin Bitcoin Fund in the third quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 2nd quarter valued at $27,000. Cordant Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at $31,000. Hexagon Capital Partners LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth $32,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth $41,000.

Fidelity Wise Origin Bitcoin Fund Company Profile

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin.