Franklin Ethereum ETF (BATS:EZET) Stock Price Up 0.3% – Still a Buy?

Franklin Ethereum ETF (BATS:EZET)’s share price rose 0.3% on Wednesday . The company traded as high as $22.38 and last traded at $22.56. Approximately 85,289 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 80,895 shares. The stock had previously closed at $22.50.

Franklin Ethereum ETF Trading Up 0.3%

The firm has a 50-day simple moving average of $24.16 and a 200-day simple moving average of $27.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EZET. Geneos Wealth Management Inc. purchased a new stake in shares of Franklin Ethereum ETF in the third quarter worth about $71,000. Venturi Wealth Management LLC bought a new stake in Franklin Ethereum ETF during the 3rd quarter worth approximately $234,000. FAS Wealth Partners Inc. purchased a new stake in Franklin Ethereum ETF in the 3rd quarter worth approximately $945,000. Meitav Investment House Ltd. bought a new position in Franklin Ethereum ETF in the 3rd quarter valued at $1,343,000. Finally, Jane Street Group LLC grew its position in shares of Franklin Ethereum ETF by 370.0% during the 2nd quarter. Jane Street Group LLC now owns 134,608 shares of the company’s stock valued at $2,575,000 after purchasing an additional 105,969 shares in the last quarter.

Franklin Ethereum ETF Company Profile

The Franklin Ethereum ETF (EZET) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund seeks to replicate the performance of Ether using a Benchmark Rate to determine its value. The fund does not directly invest in Ether EZET was launched on Jul 23, 2024 and is issued by Franklin Templeton.