Short Interest in Fidelity Ethereum Fund (BATS:FETH) Rises By 102.6%

Fidelity Ethereum Fund (BATS:FETH) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 982,739 shares, a growth of 102.6% from the August 15th total of 485,060 shares. Based on an average daily trading volume, of 2,685,595 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust purchased a new position in shares of Fidelity Ethereum Fund in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in Fidelity Ethereum Fund in the second quarter worth $33,000. PNC Financial Services Group Inc. purchased a new stake in Fidelity Ethereum Fund in the fourth quarter worth $59,000. Bank of America Corp DE raised its holdings in Fidelity Ethereum Fund by 71.4% in the fourth quarter. Bank of America Corp DE now owns 1,800 shares of the company’s stock worth $60,000 after purchasing an additional 750 shares in the last quarter. Finally, Bogart Wealth LLC bought a new position in Fidelity Ethereum Fund in the first quarter worth $75,000.

Fidelity Ethereum Fund Price Performance

FETH stock opened at $25.29 on Monday. Fidelity Ethereum Fund has a 1 year low of $15.22 and a 1 year high of $47.54. The firm has a 50-day moving average of $20.66 and a 200 day moving average of $20.46.

Fidelity Ethereum Fund Company Profile

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.