Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Stock Price Up 6.5% – Here’s What Happened

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) rose 6.5% during mid-day trading on Tuesday . The company traded as high as $79.48 and last traded at $79.3350. Approximately 2,953,420 shares were traded during trading, a decline of 32% from the average daily volume of 4,320,740 shares. The stock had previously closed at $74.52.

Fidelity Wise Origin Bitcoin Fund Trading Up 6.8%

The stock’s fifty day moving average price is $92.41 and its 200-day moving average price is $95.71.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avalon Trust Co purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth $25,000. Briaud Financial Planning Inc acquired a new position in Fidelity Wise Origin Bitcoin Fund in the second quarter valued at about $27,000. Anfield Capital Management LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth about $30,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at about $31,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at about $30,000.

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.