Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Gap Down – Here’s What Happened

Franklin Bitcoin ETF (NYSEARCA:EZBC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $54.48, but opened at $51.67. Franklin Bitcoin ETF shares last traded at $50.70, with a volume of 52,756 shares traded.

Franklin Bitcoin ETF Stock Performance

The stock has a 50 day simple moving average of $57.04 and a 200 day simple moving average of $47.30.

Institutional Investors Weigh In On Franklin Bitcoin ETF

Hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its holdings in shares of Franklin Bitcoin ETF by 35.4% during the fourth quarter. AdvisorNet Financial Inc now owns 860 shares of the company’s stock worth $47,000 after purchasing an additional 225 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Franklin Bitcoin ETF in the 4th quarter valued at about $48,000. Empowered Funds LLC acquired a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at about $180,000. Atlas Private Wealth Advisors bought a new stake in Franklin Bitcoin ETF in the fourth quarter valued at approximately $208,000. Finally, James J. Burns & Company LLC acquired a new stake in Franklin Bitcoin ETF during the 4th quarter valued at approximately $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.