Fidelity Wise Origin Bitcoin Fund Sees Unusually High Options Volume (NYSEARCA:FBTC)

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) was the target of some unusual options trading on Friday. Stock investors acquired 18,442 call options on the company. This is an increase of 98% compared to the typical volume of 9,324 call options.

Fidelity Wise Origin Bitcoin Fund Price Performance

Shares of FBTC traded down $1.52 during midday trading on Friday, reaching $83.91. 5,034,580 shares of the stock were exchanged, compared to its average volume of 4,098,495. Fidelity Wise Origin Bitcoin Fund has a 52 week low of $66.06 and a 52 week high of $110.25. The company’s 50 day moving average is $97.68 and its two-hundred day moving average is $96.27.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sculptor Capital LP lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 172.9% in the 1st quarter. Sculptor Capital LP now owns 2,188,727 shares of the company’s stock worth $157,523,000 after purchasing an additional 1,386,777 shares during the period. HBK Investments L P boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 77.0% in the 2nd quarter. HBK Investments L P now owns 780,164 shares of the company’s stock valued at $73,328,000 after buying an additional 339,498 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Fidelity Wise Origin Bitcoin Fund in the second quarter worth $31,771,000. Ovata Capital Management Ltd purchased a new position in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth $27,731,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter valued at about $22,331,000.

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.