Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Up 5.2% – Here’s What Happened

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) traded up 5.2% during mid-day trading on Monday . The company traded as high as $77.56 and last traded at $77.09. 2,451,808 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 4,347,952 shares. The stock had previously closed at $73.28.

Fidelity Wise Origin Bitcoin Fund Trading Up 5.2 %

The stock’s fifty day simple moving average is $81.83 and its two-hundred day simple moving average is $74.38.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at approximately $25,000. Canton Hathaway LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 3rd quarter worth $26,000. Stephens Consulting LLC grew its position in Fidelity Wise Origin Bitcoin Fund by 61.5% in the 4th quarter. Stephens Consulting LLC now owns 323 shares of the company’s stock valued at $26,000 after purchasing an additional 123 shares during the period. Bogart Wealth LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund during the 4th quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Fidelity Wise Origin Bitcoin Fund during the fourth quarter worth $37,000.

About Fidelity Wise Origin Bitcoin Fund

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.