Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Up 0.8% – Time to Buy?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) shares were up 0.8% on Thursday . The stock traded as high as $87.97 and last traded at $87.71. Approximately 3,098,296 shares were traded during mid-day 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 Stock Performance

The business’s 50 day moving average price is $83.83 and its 200-day moving average price is $64.88.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at $26,000. Cordant Inc. bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter valued at about $31,000. Hexagon Capital Partners LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter valued at about $32,000. Trust Co. of Vermont increased its position in Fidelity Wise Origin Bitcoin Fund by 46.7% during the fourth quarter. Trust Co. of Vermont now owns 600 shares of the company’s stock worth $49,000 after acquiring an additional 191 shares during the period. Finally, Perkins Coie Trust Co acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 4th quarter worth about $55,000.

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.