Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Down 0.5% – Here’s What Happened

Franklin Bitcoin ETF (NYSEARCA:EZBC)’s stock price was down 0.5% on Monday . The stock traded as low as $50.30 and last traded at $50.35. Approximately 121,777 shares changed hands during trading, a decline of 42% from the average daily volume of 209,291 shares. The stock had previously closed at $50.60.

Franklin Bitcoin ETF Price Performance

The firm has a fifty day moving average of $55.25 and a 200-day moving average of $62.07.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in Franklin Bitcoin ETF in the third quarter valued at approximately $27,000. Raymond James Financial Inc. purchased a new position in shares of Franklin Bitcoin ETF in the second quarter valued at $31,000. Semmax Financial Advisors Inc. boosted its stake in shares of Franklin Bitcoin ETF by 42.2% in the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Caitlin John LLC acquired a new stake in Franklin Bitcoin ETF during the 3rd quarter valued at $38,000. Finally, Dogwood Wealth Management LLC purchased a new stake in Franklin Bitcoin ETF during the 2nd quarter worth $44,000.

About Franklin Bitcoin ETF

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.