Fidelity Ethereum Fund (BATS:FETH) Short Interest Update

Fidelity Ethereum Fund (BATS:FETH) was the target of a significant growth in short interest in 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. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 2,685,595 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FETH. Kaleidoscope Capital LP increased its stake in shares of Fidelity Ethereum Fund by 10.9% in the 4th quarter. Kaleidoscope Capital LP now owns 729,305 shares of the company’s stock worth $21,595,000 after acquiring an additional 71,634 shares during the last quarter. United Capital Management of KS Inc. boosted its position in shares of Fidelity Ethereum Fund by 1.2% during the 4th quarter. United Capital Management of KS Inc. now owns 467,518 shares of the company’s stock worth $13,843,000 after purchasing an additional 5,570 shares during the period. Virtu Financial LLC grew its stake in shares of Fidelity Ethereum Fund by 567.8% in the fourth quarter. Virtu Financial LLC now owns 258,676 shares of the company’s stock valued at $7,659,000 after buying an additional 219,943 shares in the last quarter. KDK Private Wealth Management LLC increased its stake in Fidelity Ethereum Fund by 2.5% during the first quarter. KDK Private Wealth Management LLC now owns 137,340 shares of the company’s stock worth $2,868,000 after purchasing an additional 3,320 shares during the period. Finally, Beck Capital Management LLC acquired a new stake in Fidelity Ethereum Fund during the 4th quarter worth approximately $3,824,000.

Fidelity Ethereum Fund Price Performance

Shares of Fidelity Ethereum Fund stock opened at $25.29 on Tuesday. The firm’s 50-day moving average price is $20.81 and its 200 day moving average price is $20.51. Fidelity Ethereum Fund has a twelve month low of $15.22 and a twelve month high of $47.54.

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.