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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 34,909 call options on the company. This represents an increase of approximately 260% compared to the typical volume of 9,706 call options.

Fidelity Wise Origin Bitcoin Fund Price Performance

Fidelity Wise Origin Bitcoin Fund stock traded up $2.68 during mid-day trading on Monday, reaching $55.14. 4,085,989 shares of the company’s stock traded hands, compared to its average volume of 5,490,427. Fidelity Wise Origin Bitcoin Fund has a 12-month low of $51.45 and a 12-month high of $110.25. The stock has a 50 day moving average of $64.51 and a two-hundred day moving average of $68.77.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. MCF Advisors LLC grew its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 2.9% during the third quarter. MCF Advisors LLC now owns 4,181 shares of the company’s stock worth $417,000 after buying an additional 119 shares in the last quarter. JB Capital LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 1.2% in the fourth quarter. JB Capital LLC now owns 11,796 shares of the company’s stock valued at $899,000 after buying an additional 140 shares during the last quarter. Stone House Investment Management LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 5.5% in the fourth quarter. Stone House Investment Management LLC now owns 2,812 shares of the company’s stock valued at $214,000 after buying an additional 146 shares during the last quarter. Choreo LLC increased its stake in Fidelity Wise Origin Bitcoin Fund by 1.1% during the third quarter. Choreo LLC now owns 13,755 shares of the company’s stock worth $1,373,000 after purchasing an additional 148 shares during the period. Finally, YHB Investment Advisors Inc. increased its stake in Fidelity Wise Origin Bitcoin Fund by 4.3% during the fourth quarter. YHB Investment Advisors Inc. now owns 3,575 shares of the company’s stock worth $273,000 after purchasing an additional 148 shares during the period.

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