Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Down 1.4% – Should You Sell?

Franklin Bitcoin ETF (NYSEARCA:EZBC) was down 1.4% during mid-day trading on Tuesday . The company traded as low as $38.34 and last traded at $39.45. Approximately 242,984 shares were traded during trading, a decline of 35% from the average daily volume of 372,665 shares. The stock had previously closed at $39.99.

Franklin Bitcoin ETF Stock Performance

The company has a 50 day simple moving average of $46.63 and a 200 day simple moving average of $55.85.

Institutional Investors Weigh In On Franklin Bitcoin ETF

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC grew its position in Franklin Bitcoin ETF by 880.1% in the 3rd quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock valued at $7,832,000 after buying an additional 106,215 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in shares of Franklin Bitcoin ETF in the 3rd quarter worth $4,566,000. Consilium Wealth Advisory LLC purchased a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at about $3,317,000. Round Rock Advisors LLC acquired a new position in shares of Franklin Bitcoin ETF during the fourth quarter worth about $2,088,000. Finally, Vance Wealth LLC increased its stake in shares of Franklin Bitcoin ETF by 176.0% during the fourth quarter. Vance Wealth LLC now owns 49,720 shares of the company’s stock worth $2,516,000 after acquiring an additional 31,704 shares during the period.

About Franklin Bitcoin ETF

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.