Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Up 0.8% – Here’s Why

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price rose 0.8% during mid-day trading on Thursday . The company traded as high as $87.97 and last traded at $87.71. Approximately 3,098,296 shares were traded during trading, a decline of 22% from the average daily volume of 3,994,982 shares. The stock had previously closed at $87.01.

Fidelity Wise Origin Bitcoin Fund Trading Up 4.5 %

The stock’s fifty day moving average price is $84.32 and its 200-day moving average price is $65.21.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Large investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 3,549.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,715,300 shares of the company’s stock valued at $89,882,000 after purchasing an additional 1,668,300 shares in the last quarter. Delta Investment Management LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund during the second quarter worth $251,000. AE Wealth Management LLC increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 147.3% in the 2nd quarter. AE Wealth Management LLC now owns 13,642 shares of the company’s stock worth $716,000 after acquiring an additional 8,125 shares during the last quarter. Sfmg LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 65.3% during the 2nd quarter. Sfmg LLC now owns 6,177 shares of the company’s stock worth $324,000 after acquiring an additional 2,440 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 53.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 22,854 shares of the company’s stock valued at $1,199,000 after acquiring an additional 7,954 shares during the last quarter.

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.