Franklin Bitcoin ETF (NYSEARCA:EZBC) Stock Price Up 4.7%

Franklin Bitcoin ETF (NYSEARCA:EZBC)’s share price rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $36.19 and last traded at $35.99. Approximately 277,313 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 283,154 shares. The stock had previously closed at $34.36.

Franklin Bitcoin ETF Stock Performance

The stock has a 50-day simple moving average of $37.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC acquired a new stake in Franklin Bitcoin ETF during the first quarter worth about $135,000. Commonwealth Equity Services LLC acquired a new position in Franklin Bitcoin ETF in the 1st quarter valued at approximately $538,000. Sierra Capital LLC bought a new stake in shares of Franklin Bitcoin ETF in the 1st quarter worth approximately $818,000. Finally, Jane Street Group LLC acquired a new stake in shares of Franklin Bitcoin ETF during the 1st quarter worth approximately $5,559,000.

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.