Fidelity Ethereum Fund (BATS:FETH – Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 948,295 shares, a decrease of 49.9% from the April 30th total of 1,892,184 shares. Based on an average trading volume of 1,628,990 shares, the short-interest ratio is presently 0.6 days. Approximately 2.0% of the company’s shares are short sold.
Fidelity Ethereum Fund Price Performance
Fidelity Ethereum Fund stock opened at $19.95 on Tuesday. Fidelity Ethereum Fund has a 52-week low of $17.98 and a 52-week high of $48.56. The firm has a fifty day moving average of $21.92 and a 200-day moving average of $25.01.
Institutional Investors Weigh In On Fidelity Ethereum Fund
Several large investors have recently made changes to their positions in FETH. Guerra Advisors Inc acquired a new stake in Fidelity Ethereum Fund during the 3rd quarter valued at $30,000. Parkside Financial Bank & Trust bought a new position in shares of Fidelity Ethereum Fund in the 4th quarter worth about $31,000. Headlands Technologies LLC bought a new stake in Fidelity Ethereum Fund in the 2nd quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of Fidelity Ethereum Fund during the 3rd quarter worth about $41,000. Finally, Heritage Wealth Advisors bought a new stake in shares of Fidelity Ethereum Fund during the 3rd quarter worth about $42,000.
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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