Fidelity Wise Origin Bitcoin Fund Target of Unusually Large Options Trading (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 30,847 call options on the company. This represents an increase of 233% compared to the average volume of 9,276 call options.

Fidelity Wise Origin Bitcoin Fund Price Performance

Shares of BATS FBTC traded down $1.55 during mid-day trading on Wednesday, reaching $52.70. 2,255,161 shares of the company traded hands, compared to its average volume of 5,343,507. Fidelity Wise Origin Bitcoin Fund has a fifty-two week low of $51.45 and a fifty-two week high of $110.25. The stock has a fifty day simple moving average of $63.41 and a 200-day simple moving average of $66.89.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds have recently modified their holdings of the company. Avalon Trust Co acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth about $25,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth approximately $26,000. Anfield Capital Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at approximately $30,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at approximately $31,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the fourth quarter valued at approximately $32,000.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.