Fidelity Ethereum Fund (BATS:FETH – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 611,000 shares, a decrease of 38.4% from the June 30th total of 992,511 shares. Based on an average daily trading volume, of 1,727,141 shares, the short-interest ratio is presently 0.4 days. Approximately 1.3% of the shares of the stock are sold short.
Institutional Trading of Fidelity Ethereum Fund
Several institutional investors have recently made changes to their positions in FETH. Parkside Financial Bank & Trust purchased a new position in Fidelity Ethereum Fund in the 4th quarter worth approximately $31,000. Headlands Technologies LLC bought a new position in Fidelity Ethereum Fund in the 2nd quarter worth approximately $33,000. Bank of America Corp DE grew its holdings in 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 buying an additional 750 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Fidelity Ethereum Fund during the 4th quarter valued at approximately $59,000. Finally, Farther Finance Advisors LLC raised its position in shares of Fidelity Ethereum Fund by 30.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock valued at $62,000 after buying an additional 486 shares during the last quarter.
Fidelity Ethereum Fund Price Performance
BATS:FETH opened at $19.15 on Friday. The business’s 50-day simple moving average is $17.94 and its two-hundred day simple moving average is $21.16. Fidelity Ethereum Fund has a 52 week low of $15.22 and a 52 week high of $48.56.
About Fidelity Ethereum Fund
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.
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