Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Franklin Bitcoin ETF (NYSEARCA:EZBC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Franklin Bitcoin ETF Price Performance

The business’s 50-day moving average is $42.87 and its two-hundred day moving average is $38.65.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC increased its holdings in Franklin Bitcoin ETF by 16.3% during the second quarter. Larson Financial Group LLC now owns 3,809 shares of the company’s stock worth $133,000 after buying an additional 533 shares during the last quarter. CWM LLC acquired a new position in shares of Franklin Bitcoin ETF during the 2nd quarter worth about $147,000. Private Advisor Group LLC raised its holdings in shares of Franklin Bitcoin ETF by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 6,085 shares of the company’s stock valued at $224,000 after purchasing an additional 263 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Franklin Bitcoin ETF in the 3rd quarter valued at about $236,000. Finally, Commonwealth Equity Services LLC lifted its stake in Franklin Bitcoin ETF by 6.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,883 shares of the company’s stock valued at $483,000 after purchasing an additional 822 shares during the last quarter.

About Franklin Bitcoin ETF

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.