Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 528,662 shares, a decline of 69.5% from the May 31st total of 1,735,441 shares. Based on an average daily volume of 5,879,727 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. JB Capital LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 1.2% in the 4th quarter. JB Capital LLC now owns 11,796 shares of the company’s stock worth $899,000 after buying an additional 140 shares in the last quarter. Stone House Investment Management LLC grew its position in Fidelity Wise Origin Bitcoin Fund by 5.5% in the fourth quarter. Stone House Investment Management LLC now owns 2,812 shares of the company’s stock worth $214,000 after acquiring an additional 146 shares in the last quarter. Choreo LLC increased its stake in Fidelity Wise Origin Bitcoin Fund by 1.1% during the third quarter. Choreo LLC now owns 13,755 shares of the company’s stock worth $1,373,000 after acquiring an additional 148 shares during the last quarter. YHB Investment Advisors Inc. raised its position in Fidelity Wise Origin Bitcoin Fund by 4.3% during the fourth quarter. YHB Investment Advisors Inc. now owns 3,575 shares of the company’s stock valued at $273,000 after purchasing an additional 148 shares during the period. Finally, Sugar Maple Asset Management LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 5.2% during the fourth quarter. Sugar Maple Asset Management LLC now owns 3,042 shares of the company’s stock valued at $232,000 after purchasing an additional 150 shares during the period.
Fidelity Wise Origin Bitcoin Fund Trading Up 1.0%
BATS:FBTC opened at $51.98 on Friday. The business’s 50-day moving average is $62.64 and its 200 day moving average is $66.38. Fidelity Wise Origin Bitcoin Fund has a 12 month low of $50.48 and a 12 month high of $110.25.
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.
Featured Articles
- Five stocks we like better than Fidelity Wise Origin Bitcoin Fund
- Capri’s Turnaround Is Taking Shape, But Is the Stock a Buy Yet?
- SpaceX Has Real Value—But These 3 Stocks Have Better Odds Right Now
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
Receive News & Ratings for Fidelity Wise Origin Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Wise Origin Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.
