Franklin Bitcoin ETF (NYSEARCA:EZBC) Trading 1.1% Higher – Still a Buy?

Franklin Bitcoin ETF (NYSEARCA:EZBC) was up 1.1% on Monday . The company traded as high as $41.14 and last traded at $40.93. Approximately 298,726 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 441,422 shares. The stock had previously closed at $40.49.

Franklin Bitcoin ETF Price Performance

The firm has a fifty day simple moving average of $50.75 and a 200 day simple moving average of $59.10.

Hedge Funds Weigh In On Franklin Bitcoin ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Franklin Bitcoin ETF in the third quarter valued at about $27,000. Raymond James Financial Inc. purchased a new position in Franklin Bitcoin ETF in the 2nd quarter valued at about $31,000. Semmax Financial Advisors Inc. lifted its stake in Franklin Bitcoin ETF by 42.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. Caitlin John LLC acquired a new stake in Franklin Bitcoin ETF in the 3rd quarter worth about $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Franklin Bitcoin ETF in the 3rd quarter worth about $63,000.

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.