Fidelity Wise Origin Bitcoin Fund Target of Unusually High Options Trading (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of unusually large options trading on Friday. Stock investors acquired 23,141 call options on the stock. This represents an increase of 147% compared to the typical daily volume of 9,375 call options.

Fidelity Wise Origin Bitcoin Fund Stock Performance

BATS:FBTC traded down $2.43 on Friday, hitting $57.23. The stock had a trading volume of 4,959,375 shares, compared to its average volume of 6,571,160. The company has a fifty day moving average price of $64.81 and a two-hundred day moving average price of $80.31. Fidelity Wise Origin Bitcoin Fund has a 1-year low of $54.21 and a 1-year high of $110.25.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently made changes to their positions in the business. Avalon Trust Co purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth approximately $25,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the fourth quarter worth $26,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at $30,000. Anfield Capital Management LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter worth about $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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.