Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Strong Trading Volume – Still a Buy?

Franklin Bitcoin ETF (NYSEARCA:EZBCGet Free Report) saw unusually-high trading volume on Friday . Approximately 850,689 shares were traded during trading, an increase of 301% from the previous session’s volume of 211,957 shares.The stock last traded at $52.40 and had previously closed at $50.60.

Franklin Bitcoin ETF Price Performance

The company’s fifty day simple moving average is $54.22 and its 200 day simple moving average is $61.77.

Hedge Funds Weigh In On Franklin Bitcoin ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in Franklin Bitcoin ETF by 10.9% during the second quarter. Cetera Investment Advisers now owns 149,502 shares of the company’s stock worth $9,332,000 after buying an additional 14,670 shares during the period. Virtu Financial LLC raised its position in shares of Franklin Bitcoin ETF by 880.1% in the 3rd quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock worth $7,832,000 after acquiring an additional 106,215 shares in the last quarter. Childress Capital Advisors LLC purchased a new stake in shares of Franklin Bitcoin ETF during the 3rd quarter worth $4,566,000. Franklin Resources Inc. boosted its position in Franklin Bitcoin ETF by 4.3% during the second quarter. Franklin Resources Inc. now owns 54,894 shares of the company’s stock valued at $3,426,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its stake in Franklin Bitcoin ETF by 28.9% in the third quarter. Meitav Investment House Ltd. now owns 45,487 shares of the company’s stock valued at $3,012,000 after purchasing an additional 10,202 shares during the last quarter.

About Franklin Bitcoin ETF

(Get Free Report)

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.

Further Reading

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