Franklin Bitcoin ETF (BATS:EZBC) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Franklin Bitcoin ETF (BATS:EZBC) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $42.03 and traded as low as $41.10. Franklin Bitcoin ETF shares last traded at $41.20, with a volume of 156,162 shares trading hands.

Franklin Bitcoin ETF Stock Down 4.4%

The company’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $42.03.

Institutional Trading of Franklin Bitcoin ETF

Several hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its holdings in Franklin Bitcoin ETF by 24.4% in the 1st quarter. Sanctuary Advisors LLC now owns 80,314 shares of the company’s stock worth $3,148,000 after acquiring an additional 15,770 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Franklin Bitcoin ETF by 11.0% during the 1st quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock valued at $6,165,000 after purchasing an additional 15,632 shares during the period. Convergence Financial LLC bought a new stake in shares of Franklin Bitcoin ETF during the 3rd quarter valued at $1,395,000. Western Wealth Management LLC lifted its stake in shares of Franklin Bitcoin ETF by 4.6% during the 3rd quarter. Western Wealth Management LLC now owns 6,734 shares of the company’s stock valued at $325,000 after buying an additional 297 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Franklin Bitcoin ETF by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,948 shares of the company’s stock valued at $577,000 after buying an additional 267 shares in the last quarter.

Franklin Bitcoin ETF Company Profile

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.