Fidelity Ethereum Fund (BATS:FETH – Get Free Report) traded down 9.2% during trading on Friday . The stock traded as low as $32.8075 and last traded at $29.2920. 1,814,438 shares were traded during mid-day trading, an increase of 30% from the average session volume of 1,398,789 shares. The stock had previously closed at $32.25.
Fidelity Ethereum Fund Stock Down 9.2%
The company’s fifty day moving average is $30.37 and its 200-day moving average is $36.45.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FETH. Farther Finance Advisors LLC boosted 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 worth $62,000 after acquiring an additional 486 shares during the last quarter. Transcend Capital Advisors LLC purchased a new position in Fidelity Ethereum Fund during the 4th quarter valued at approximately $415,000. Financial Designs Corp increased its stake in Fidelity Ethereum Fund by 2.3% in the 4th quarter. Financial Designs Corp now owns 46,655 shares of the company’s stock worth $1,381,000 after acquiring an additional 1,056 shares during the last quarter. BNC Wealth Management LLC bought a new stake in Fidelity Ethereum Fund in the 4th quarter worth approximately $4,278,000. Finally, CRA Financial Services LLC raised its holdings in shares of Fidelity Ethereum Fund by 20.8% during the 4th quarter. CRA Financial Services LLC now owns 9,415 shares of the company’s stock worth $279,000 after acquiring an additional 1,620 shares in the last quarter.
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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