Stock Traders Buy High Volume of Fidelity Wise Origin Bitcoin Fund Call Options (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw some unusual options trading on Friday. Stock investors bought 17,471 call options on the company. This is an increase of 84% compared to the typical volume of 9,507 call options.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Fidelity Wise Origin Bitcoin Fund stock traded up $0.65 during mid-day trading on Friday, reaching $55.61. 2,410,199 shares of the company’s stock were exchanged, compared to its average volume of 5,316,118. The business’s fifty day simple moving average is $60.25 and its 200 day simple moving average is $64.77. Fidelity Wise Origin Bitcoin Fund has a one year low of $50.48 and a one year high of $110.25.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Fidelity Wise Origin Bitcoin Fund by 5.9% during the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after buying an additional 414,799 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 7.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock valued at $179,136,000 after acquiring an additional 160,005 shares during the period. Capula Management Ltd increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% during the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock worth $210,878,000 after purchasing an additional 615,620 shares during the last quarter. Cantor Fitzgerald L. P. raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 24.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock worth $97,645,000 after purchasing an additional 250,000 shares during the period. Finally, Consolidated Portfolio Review Corp raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after purchasing an additional 680,313 shares during the period.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.