Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Stock Price Down 4.4% – Here’s What Happened

by · The Cerbat Gem

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC – Get Free Report) shares fell 4.4% during mid-day trading on Monday . The stock traded as low as $82.54 and last traded at $82.91. 6,827,906 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 7,559,500 shares. The stock had previously closed at $86.73.

Fidelity Wise Origin Bitcoin Fund Trading Up 6.4 %

The stock has a fifty day moving average of $64.03 and a 200-day moving average of $58.08.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pallas Capital Advisors LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 4.1% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,697 shares of the company’s stock worth $281,000 after purchasing an additional 186 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 3.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 5,916 shares of the company’s stock valued at $329,000 after buying an additional 211 shares during the period. Atlas Financial Advisors Inc. grew its position in Fidelity Wise Origin Bitcoin Fund by 5.9% during the second quarter. Atlas Financial Advisors Inc. now owns 4,013 shares of the company’s stock worth $211,000 after buying an additional 224 shares in the last quarter. Sweeney & Michel LLC increased its stake in Fidelity Wise Origin Bitcoin Fund by 3.3% during the 3rd quarter. Sweeney & Michel LLC now owns 8,503 shares of the company’s stock worth $510,000 after acquiring an additional 268 shares during the period. Finally, EP Wealth Advisors LLC increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 1.3% in the third quarter. EP Wealth Advisors LLC now owns 22,269 shares of the company’s stock worth $1,237,000 after purchasing an additional 277 shares during the period.

About Fidelity Wise Origin Bitcoin Fund

(Get Free Report)

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.

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