Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Large Volume Increase – Here’s Why

Shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) saw unusually-high trading volume on Thursday . Approximately 618,174 shares traded hands during trading, an increase of 105% from the previous session’s volume of 301,308 shares.The stock last traded at $48.80 and had previously closed at $48.82.

Franklin Bitcoin ETF Stock Performance

The stock’s 50-day moving average is $56.33 and its 200-day moving average is $47.53.

Institutional Investors Weigh In On Franklin Bitcoin ETF

A number of institutional investors have recently bought and sold shares of EZBC. AdvisorNet Financial Inc boosted its stake in Franklin Bitcoin ETF by 35.4% during the fourth quarter. AdvisorNet Financial Inc now owns 860 shares of the company’s stock worth $47,000 after buying an additional 225 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at $48,000. Empowered Funds LLC acquired a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at $180,000. Atlas Private Wealth Advisors acquired a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at $208,000. Finally, James J. Burns & Company LLC acquired a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at $210,000.

About Franklin Bitcoin ETF

The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.