Fidelity Wise Origin Bitcoin Fund Sees Unusually High Options Volume (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of some unusual options trading on Thursday. Stock traders purchased 24,681 call options on the stock. This is an increase of approximately 160% compared to the typical volume of 9,509 call options.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently bought and sold shares of FBTC. Morgan Stanley boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% in the fourth quarter. Morgan Stanley now owns 692,686 shares of the company’s stock worth $52,803,000 after acquiring an additional 692,684 shares during the period. Consolidated Portfolio Review Corp boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 441.6% in the fourth quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after acquiring an additional 680,313 shares during the period. Capula Management Ltd boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% in the third quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock worth $210,878,000 after acquiring an additional 615,620 shares during the period. Millennium Management LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 5.9% in the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after acquiring an additional 414,799 shares during the period. Finally, Means Investment CO. Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth about $21,131,000.

Fidelity Wise Origin Bitcoin Fund Stock Performance

BATS:FBTC traded up $1.64 during mid-day trading on Thursday, hitting $70.94. 1,790,037 shares of the company traded hands, compared to its average volume of 5,617,308. The stock’s fifty day moving average price is $63.77 and its 200-day moving average price is $72.15. Fidelity Wise Origin Bitcoin Fund has a one year low of $54.21 and a one year high of $110.25.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.