Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up – Here’s Why

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up prior to trading on Monday . The stock had previously closed at $73.50, but opened at $81.42. Fidelity Wise Origin Bitcoin Fund shares last traded at $78.19, with a volume of 2,494,380 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Stock Performance

The stock’s 50 day moving average is $84.55 and its 200 day moving average is $72.25.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Fidelity Wise Origin Bitcoin Fund by 1.3% during the 3rd quarter. US Bancorp DE now owns 76,897 shares of the company’s stock valued at $4,270,000 after purchasing an additional 1,012 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 35.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,421 shares of the company’s stock valued at $373,000 after purchasing an additional 1,695 shares in the last quarter. Highland Financial Advisors LLC increased its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 18.2% in the third quarter. Highland Financial Advisors LLC now owns 26,894 shares of the company’s stock worth $1,493,000 after purchasing an additional 4,150 shares during the period. Falcon Wealth Planning raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 30.0% in the third quarter. Falcon Wealth Planning now owns 5,765 shares of the company’s stock worth $320,000 after buying an additional 1,330 shares in the last quarter. Finally, Guidance Point Advisors LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund during the third quarter valued at $320,000.

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.