Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $54.68

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped down prior to trading on Monday . The stock had previously closed at $54.68, but opened at $43.53. Fidelity Wise Origin Bitcoin Fund shares last traded at $45.55, with a volume of 4,980,378 shares.

Fidelity Wise Origin Bitcoin Fund Stock Down 3.6 %

The business has a 50 day moving average price of $55.96 and a two-hundred day moving average price of $53.96.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. bought a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth about $56,000. Guild Investment Management Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth $873,000. Lindbrook Capital LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the first quarter worth about $87,000. Meridian Wealth Management LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the first quarter worth about $948,000. Finally, Valeo Financial Advisors LLC bought a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth about $828,000.

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.