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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of some unusual options trading on Friday. Traders purchased 46,838 call options on the company. This is an increase of approximately 382% compared to the typical daily volume of 9,718 call options.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Fidelity Wise Origin Bitcoin Fund stock traded down $1.71 during mid-day trading on Friday, hitting $54.65. 4,585,334 shares of the company were exchanged, compared to its average volume of 5,131,116. Fidelity Wise Origin Bitcoin Fund has a 12-month low of $50.48 and a 12-month high of $110.25. The business’s 50 day simple moving average is $56.43 and its two-hundred day simple moving average is $62.52.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC boosted its stake in Fidelity Wise Origin Bitcoin Fund by 7.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock worth $179,136,000 after buying an additional 160,005 shares during the last quarter. Cantor Fitzgerald L. P. grew its stake in Fidelity Wise Origin Bitcoin Fund by 24.2% during the fourth quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock worth $97,645,000 after buying an additional 250,000 shares during the period. Consolidated Portfolio Review Corp increased its holdings in Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock valued at $63,604,000 after purchasing an additional 680,313 shares in the last quarter. Patient Capital Management LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 26.1% during the 4th quarter. Patient Capital Management LLC now owns 781,695 shares of the company’s stock valued at $59,589,000 after buying an additional 161,943 shares during the period. Finally, Morgan Stanley lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% during the fourth quarter. Morgan Stanley now owns 692,686 shares of the company’s stock worth $52,803,000 after purchasing an additional 692,684 shares in the last quarter.

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.