Fidelity Ethereum Fund (BATS:FETH) Sees Large Decline in Short Interest

Fidelity Ethereum Fund (BATS:FETHGet Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 992,511 shares, a decline of 44.1% from the June 15th total of 1,776,666 shares. Based on an average daily volume of 1,789,684 shares, the short-interest ratio is currently 0.6 days. Currently, 2.0% of the shares of the company are short sold.

Fidelity Ethereum Fund Price Performance

Shares of BATS:FETH opened at $18.68 on Friday. The stock’s 50-day simple moving average is $18.59 and its two-hundred day simple moving average is $21.99. Fidelity Ethereum Fund has a 52-week low of $15.22 and a 52-week high of $48.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new position in shares of Fidelity Ethereum Fund during the 4th quarter valued at approximately $31,000. Headlands Technologies LLC bought a new position in shares of Fidelity Ethereum Fund in the second quarter worth approximately $33,000. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Ethereum Fund in the fourth quarter worth $59,000. Bank of America Corp DE raised its position in shares of Fidelity Ethereum Fund by 71.4% during the 4th quarter. Bank of America Corp DE now owns 1,800 shares of the company’s stock valued at $60,000 after purchasing an additional 750 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Fidelity Ethereum Fund by 30.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock worth $62,000 after buying an additional 486 shares during the period.

Fidelity Ethereum Fund Company Profile

(Get Free Report)

The Fidelity Ethereum Fund ETF (FETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH) using an ether price feed, less trust expenses and liabilities. An investment in the fund is not a direct investment in ether. FETH was launched on Jul 22, 2024 and is issued by Fidelity.

Recommended Stories

Receive News & Ratings for Fidelity Ethereum Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Ethereum Fund and related companies with MarketBeat.com's FREE daily email newsletter.