Franklin Bitcoin ETF (NYSEARCA:EZBC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.53 and traded as high as $56.50. Franklin Bitcoin ETF shares last traded at $56.08, with a volume of 211,205 shares changing hands.

Franklin Bitcoin ETF Stock Performance

The firm’s 50 day moving average is $42.48 and its 200 day moving average is $38.53.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Franklin Bitcoin ETF in the first quarter worth about $5,559,000. CWM LLC purchased a new position in shares of Franklin Bitcoin ETF in the 2nd quarter valued at approximately $147,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Franklin Bitcoin ETF by 787.9% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 14,650 shares of the company’s stock worth $510,000 after purchasing an additional 13,000 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Franklin Bitcoin ETF by 6.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,883 shares of the company’s stock worth $483,000 after purchasing an additional 822 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Franklin Bitcoin ETF by 16.3% during the 2nd quarter. Larson Financial Group LLC now owns 3,809 shares of the company’s stock valued at $133,000 after purchasing an additional 533 shares in the last quarter.

Franklin Bitcoin ETF Company Profile

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.