Franklin Bitcoin ETF (BATS:EZBC – Get Free Report)’s stock price was down 3.7% during mid-day trading on Thursday. The stock traded as low as $46.69 and last traded at $46.98. 121,951 shares changed hands during trading, a decline of 39% from the average daily volume of 198,610 shares. The stock had previously closed at $48.80.
Franklin Bitcoin ETF Stock Down 0.2%
The firm has a fifty day simple moving average of $46.24 and a two-hundred day simple moving average of $42.04.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in Franklin Bitcoin ETF by 11.0% in the 1st quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock worth $6,165,000 after acquiring an additional 15,632 shares during the last quarter. Meitav Investment House Ltd. grew its stake in Franklin Bitcoin ETF by 45.1% during the 1st quarter. Meitav Investment House Ltd. now owns 81,605 shares of the company’s stock valued at $3,198,000 after purchasing an additional 25,357 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Franklin Bitcoin ETF by 24.4% during the 1st quarter. Sanctuary Advisors LLC now owns 80,314 shares of the company’s stock valued at $3,148,000 after purchasing an additional 15,770 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Franklin Bitcoin ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock valued at $384,000 after purchasing an additional 340 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Franklin Bitcoin ETF by 44.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,587 shares of the company’s stock valued at $376,000 after purchasing an additional 2,942 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.
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