Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $58.31

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $58.31, but opened at $56.73. Fidelity Wise Origin Bitcoin Fund shares last traded at $56.76, with a volume of 597,043 shares traded.

Fidelity Wise Origin Bitcoin Fund Price Performance

The stock has a 50-day moving average price of $57.60.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Large investors have recently made changes to their positions in the company. Comerica Bank bought a new stake in Fidelity Wise Origin Bitcoin Fund in the first quarter worth $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $39,000. Centerpoint Advisors LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at approximately $54,000. YHB Investment Advisors Inc. acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth approximately $56,000. Finally, Lindbrook Capital LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund during the first quarter worth approximately $87,000.

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.