Fidelity Wise Origin Bitcoin Fund Target of Unusually High Options Trading (NYSEARCA:FBTC)

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) saw unusually large options trading on Wednesday. Stock traders acquired 7,355 call options on the company. This is an increase of approximately 238% compared to the average volume of 2,173 call options.

Fidelity Wise Origin Bitcoin Fund Stock Down 1.3 %

FBTC stock opened at $87.44 on Friday. Fidelity Wise Origin Bitcoin Fund has a one year low of $33.77 and a one year high of $90.80. The firm’s 50 day moving average price is $70.76 and its 200-day moving average price is $60.16.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds have recently made changes to their positions in FBTC. Canton Hathaway LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth $27,000. Comerica Bank purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $28,000. Cordant Inc. acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the 3rd quarter valued at about $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.