Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Unusually-High Trading Volume – What’s Next?

Shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) saw an uptick in trading volume on Thursday . 618,174 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 301,308 shares.The stock last traded at $48.80 and had previously closed at $48.82.

Franklin Bitcoin ETF Stock Down 1.1 %

The stock has a fifty day moving average of $56.63 and a 200 day moving average of $47.43.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EZBC. AdvisorNet Financial Inc boosted its stake in shares of Franklin Bitcoin ETF by 35.4% in the 4th quarter. AdvisorNet Financial Inc now owns 860 shares of the company’s stock valued at $47,000 after buying an additional 225 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin Bitcoin ETF during the fourth quarter worth $48,000. Empowered Funds LLC purchased a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at about $180,000. Atlas Private Wealth Advisors purchased a new position in shares of Franklin Bitcoin ETF in the 4th quarter valued at about $208,000. Finally, James J. Burns & Company LLC acquired a new position in shares of Franklin Bitcoin ETF during the 4th quarter worth $210,000.

Franklin Bitcoin ETF Company Profile

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.