Shares of Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $51.35 and last traded at $51.8650, with a volume of 5074064 shares changing hands. The stock had previously closed at $54.25.
Fidelity Wise Origin Bitcoin Fund Price Performance
The firm’s 50-day moving average is $62.91 and its two-hundred day moving average is $66.48.
Institutional Trading of Fidelity Wise Origin Bitcoin Fund
Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its position in Fidelity Wise Origin Bitcoin Fund by 5.9% in the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after acquiring an additional 414,799 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 7.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock worth $179,136,000 after purchasing an additional 160,005 shares during the period. Capula Management Ltd increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% during the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after purchasing an additional 615,620 shares during the last quarter. Cantor Fitzgerald L. P. increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 24.2% during the 4th quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock valued at $97,645,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Consolidated Portfolio Review Corp raised its holdings in Fidelity Wise Origin Bitcoin Fund by 441.6% during the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock valued at $63,604,000 after buying an additional 680,313 shares during the period.
About Fidelity Wise Origin Bitcoin Fund
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.
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