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

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

Fidelity Wise Origin Bitcoin Fund Stock Up 6.8%

The stock has a fifty day moving average of $92.41 and a 200-day moving average of $95.71.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Large investors have recently bought and sold shares of the business. Avalon Trust Co purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth about $25,000. Briaud Financial Planning Inc purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 2nd quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth about $30,000. Anfield Capital Management LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the third quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the third quarter worth approximately $31,000.

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.