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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of some unusual options trading activity on Friday. Investors bought 17,471 call options on the company. This is an increase of 84% compared to the typical volume of 9,507 call options.

Fidelity Wise Origin Bitcoin Fund Trading Up 1.2%

Shares of Fidelity Wise Origin Bitcoin Fund stock traded up $0.66 on Friday, hitting $55.62. 2,574,315 shares of the company’s stock were exchanged, compared to its average volume of 5,318,461. Fidelity Wise Origin Bitcoin Fund has a 1 year low of $50.48 and a 1 year high of $110.25. The company has a 50-day simple moving average of $60.05 and a 200-day simple moving average of $64.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Fidelity Wise Origin Bitcoin Fund during the 4th quarter worth approximately $26,000. Birchbrook Inc. increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 106.1% in the second quarter. Birchbrook Inc. now owns 505 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at $31,000. Strategic Wealth Advisors LLC purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 4th quarter valued at $32,000. Finally, Principia Wealth Advisory LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 317.7% in the 4th quarter. Principia Wealth Advisory LLC now owns 518 shares of the company’s stock worth $39,000 after buying an additional 394 shares during the period.

About Fidelity Wise Origin Bitcoin Fund

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.