Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Down 0.5% – Here’s What Happened

Franklin Bitcoin ETF (NYSEARCA:EZBC) dropped 0.5% during mid-day trading on Monday . The company traded as low as $50.30 and last traded at $50.35. Approximately 121,777 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 209,291 shares. The stock had previously closed at $50.60.

Franklin Bitcoin ETF Price Performance

The firm has a fifty day moving average of $55.25 and a 200-day moving average of $62.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EZBC. Mather Group LLC. acquired a new position in shares of Franklin Bitcoin ETF during the third quarter valued at $27,000. Raymond James Financial Inc. acquired a new stake in Franklin Bitcoin ETF in the second quarter worth about $31,000. Semmax Financial Advisors Inc. grew its position in Franklin Bitcoin ETF by 42.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. Caitlin John LLC bought a new position in Franklin Bitcoin ETF in the 3rd quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC acquired a new position in Franklin Bitcoin ETF during the 2nd quarter valued at about $44,000.

Franklin Bitcoin ETF Company Profile

The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.