Franklin Bitcoin ETF (NYSEARCA:EZBC) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Franklin Bitcoin ETF (NYSEARCA:EZBC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.53 and traded as high as $56.50. Franklin Bitcoin ETF shares last traded at $56.08, with a volume of 211,205 shares.

Franklin Bitcoin ETF Price Performance

The firm has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $38.53.

Institutional Trading of Franklin Bitcoin ETF

A number of institutional investors and hedge funds have recently modified their holdings of EZBC. Jane Street Group LLC acquired a new stake in shares of Franklin Bitcoin ETF in the first quarter valued at about $5,559,000. Renaissance Technologies LLC acquired a new position in Franklin Bitcoin ETF in the second quarter valued at approximately $1,435,000. Sanctuary Advisors LLC purchased a new position in Franklin Bitcoin ETF in the second quarter worth approximately $619,000. Atlantic Edge Private Wealth Management LLC grew its position in Franklin Bitcoin ETF by 787.9% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 14,650 shares of the company’s stock worth $510,000 after acquiring an additional 13,000 shares during the period. Finally, RPO LLC increased its stake in Franklin Bitcoin ETF by 49.2% during the third quarter. RPO LLC now owns 26,700 shares of the company’s stock worth $983,000 after acquiring an additional 8,800 shares during the last quarter.

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.