Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Unusually-High Trading Volume – Should You Buy?

Franklin Bitcoin ETF (NYSEARCA:EZBC) shares saw an uptick in trading volume on Wednesday . 344,128 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 319,297 shares.The stock last traded at $51.16 and had previously closed at $50.35.

Franklin Bitcoin ETF Stock Up 2.8 %

The stock’s 50-day moving average price is $56.11 and its 200 day moving average price is $47.94.

Institutional Trading of Franklin Bitcoin ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in Franklin Bitcoin ETF in the fourth quarter valued at approximately $180,000. AdvisorNet Financial Inc boosted its holdings in shares of Franklin Bitcoin ETF by 35.4% in the 4th quarter. AdvisorNet Financial Inc now owns 860 shares of the company’s stock valued at $47,000 after buying an additional 225 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Franklin Bitcoin ETF by 32.1% in the fourth quarter. Private Advisor Group LLC now owns 8,039 shares of the company’s stock valued at $435,000 after buying an additional 1,954 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Franklin Bitcoin ETF during the fourth quarter worth $1,151,000. Finally, Atlas Private Wealth Advisors bought a new stake in Franklin Bitcoin ETF during the fourth quarter worth $208,000.

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.