Franklin Bitcoin ETF (BATS:EZBC) Stock Price Down 2.7% – What’s Next?

Franklin Bitcoin ETF (BATS:EZBC) shares dropped 2.7% during mid-day trading on Wednesday . The stock traded as low as $37.68 and last traded at $37.77. Approximately 204,425 shares traded hands during trading, a decline of 18% from the average daily volume of 250,639 shares. The stock had previously closed at $38.83.

Franklin Bitcoin ETF Stock Performance

The firm has a 50 day moving average price of $43.02 and a 200-day moving average price of $45.94.

Institutional Investors Weigh In On Franklin Bitcoin ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Semmax Financial Advisors Inc. raised its stake in shares of Franklin Bitcoin ETF by 42.2% during the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after buying an additional 154 shares during the last quarter. WCG Wealth Advisors LLC raised its stake in shares of Franklin Bitcoin ETF by 2.1% during the third quarter. WCG Wealth Advisors LLC now owns 12,340 shares of the company’s stock worth $817,000 after buying an additional 250 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Franklin Bitcoin ETF by 36.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock worth $58,000 after buying an additional 323 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Franklin Bitcoin ETF by 3.6% during the first quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock worth $384,000 after buying an additional 340 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Franklin Bitcoin ETF by 108.1% during the first quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after purchasing an additional 412 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.