Franklin Bitcoin ETF (NYSEARCA:EZBC) Sees Large Volume Increase – Should You Buy?

Franklin Bitcoin ETF (NYSEARCA:EZBC) shares saw unusually-strong trading volume on Wednesday . Approximately 344,128 shares traded hands during 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 business’s fifty day simple moving average is $56.11 and its two-hundred day simple moving average is $47.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Franklin Bitcoin ETF during the fourth quarter worth $180,000. AdvisorNet Financial Inc increased its position in shares of Franklin Bitcoin ETF by 35.4% during the 4th quarter. AdvisorNet Financial Inc now owns 860 shares of the company’s stock worth $47,000 after purchasing an additional 225 shares in the last quarter. Private Advisor Group LLC boosted its position in 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 bought a new stake in Franklin Bitcoin ETF during the fourth quarter worth about $1,151,000. Finally, Atlas Private Wealth Advisors bought a new stake in Franklin Bitcoin ETF during the fourth quarter worth about $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.