Franklin Bitcoin ETF (NYSEARCA:EZBC) Stock Price Down 1.4% – Here’s Why

Franklin Bitcoin ETF (NYSEARCA:EZBC)’s stock price fell 1.4% during trading on Tuesday . The company traded as low as $38.34 and last traded at $39.45. 242,984 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 372,665 shares. The stock had previously closed at $39.99.

Franklin Bitcoin ETF Stock Performance

The company’s 50-day moving average price is $46.63 and its 200-day moving average price is $55.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EZBC. Mather Group LLC. acquired a new stake in shares of Franklin Bitcoin ETF during the 3rd quarter worth about $27,000. Raymond James Financial Inc. purchased a new position in Franklin Bitcoin ETF in the second quarter valued at approximately $31,000. Semmax Financial Advisors Inc. increased its stake in 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 last quarter. Caitlin John LLC acquired a new stake in Franklin Bitcoin ETF during the third quarter worth approximately $38,000. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Franklin Bitcoin ETF during the 4th quarter worth approximately $46,000.

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.