Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Down 5.4%

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTCGet Free Report) dropped 5.4% on Monday . The company traded as low as $54.53 and last traded at $55.36. Approximately 10,358,232 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 11,845,697 shares. The stock had previously closed at $58.51.

Fidelity Wise Origin Bitcoin Fund Stock Down 5.4 %

The firm’s 50 day simple moving average is $54.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Synergies Wealth Advisors Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $104,000. Traynor Capital Management Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $3,484,000. SMI Advisory Services LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $4,092,000. Kingswood Wealth Advisors LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $4,540,000. Finally, Brookstone Capital Management purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $5,291,000.

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