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

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) saw some unusual options trading activity on Tuesday. Stock traders purchased 18,748 call options on the stock. This is an increase of 92% compared to the typical volume of 9,785 call options.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 5.9% in the 3rd quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock valued at $743,286,000 after buying an additional 414,799 shares in the last quarter. Sculptor Capital LP lifted its position in Fidelity Wise Origin Bitcoin Fund by 172.9% during the first quarter. Sculptor Capital LP now owns 2,188,727 shares of the company’s stock valued at $157,523,000 after acquiring an additional 1,386,777 shares during the last quarter. Capula Management Ltd boosted its stake in Fidelity Wise Origin Bitcoin Fund by 41.1% in the third quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after acquiring an additional 615,620 shares in the last quarter. HBK Investments L P grew its holdings in Fidelity Wise Origin Bitcoin Fund by 77.0% in the second quarter. HBK Investments L P now owns 780,164 shares of the company’s stock worth $73,328,000 after purchasing an additional 339,498 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in Fidelity Wise Origin Bitcoin Fund by 4.0% in the third quarter. Cresset Asset Management LLC now owns 592,411 shares of the company’s stock worth $59,129,000 after purchasing an additional 22,818 shares during the last quarter.

Fidelity Wise Origin Bitcoin Fund Trading Down 0.6%

Shares of NYSEARCA FBTC opened at $80.66 on Thursday. Fidelity Wise Origin Bitcoin Fund has a 52-week low of $66.06 and a 52-week high of $110.25. The stock has a 50 day moving average price of $89.83 and a 200 day moving average price of $95.02.

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.