Stock Traders Purchase Large Volume of Fidelity Wise Origin Bitcoin Fund Call Options (NYSEARCA:FBTC)

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) was the recipient of unusually large options trading activity on Friday. Stock investors bought 18,608 call options on the stock. This represents an increase of 103% compared to the average volume of 9,189 call options.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Shares of NYSEARCA:FBTC traded up $0.26 during trading hours on Friday, hitting $76.28. 5,822,644 shares of the company’s stock traded hands, compared to its average volume of 4,422,000. The company’s fifty day simple moving average is $83.96 and its two-hundred day simple moving average is $93.78. Fidelity Wise Origin Bitcoin Fund has a 52 week low of $66.06 and a 52 week high of $110.25.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Several large investors have recently made changes to their positions in the stock. Avalon Trust Co bought a new stake in Fidelity Wise Origin Bitcoin Fund during the third quarter worth approximately $25,000. Briaud Financial Planning Inc bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter valued at approximately $27,000. Anfield Capital Management LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at $30,000. Turning Point Benefit Group Inc. bought a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at $30,000.

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.