Stock Traders Buy High Volume of Call Options on Fidelity Wise Origin Bitcoin Fund (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of unusually large options trading on Monday. Stock traders acquired 34,909 call options on the company. This represents an increase of 260% compared to the typical volume of 9,706 call options.

Fidelity Wise Origin Bitcoin Fund Stock Down 2.1%

BATS:FBTC opened at $54.01 on Wednesday. The company has a 50 day moving average price of $64.35 and a 200 day moving average price of $68.40. Fidelity Wise Origin Bitcoin Fund has a fifty-two week low of $51.45 and a fifty-two week high of $110.25.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds have recently made changes to their positions in the stock. New Harbor Financial Group LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at about $200,000. Libra Wealth LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 21.4% during the 3rd quarter. Libra Wealth LLC now owns 50,443 shares of the company’s stock valued at $5,035,000 after acquiring an additional 8,904 shares during the period. Pennsylvania Capital Management Inc. ADV boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 18.3% during the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 3,458 shares of the company’s stock valued at $345,000 after acquiring an additional 536 shares during the period. Haven Private LLC boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 4.2% during the 3rd quarter. Haven Private LLC now owns 41,341 shares of the company’s stock valued at $4,126,000 after acquiring an additional 1,658 shares during the period. Finally, Willis Johnson & Associates Inc. boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 10.7% during the 3rd quarter. Willis Johnson & Associates Inc. now owns 8,133 shares of the company’s stock valued at $812,000 after acquiring an additional 783 shares during the period.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.