Short Interest in Fidelity Ethereum Fund (BATS:FETH) Drops By 44.1%

Fidelity Ethereum Fund (BATS:FETH) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 992,511 shares, a drop of 44.1% from the June 15th total of 1,776,666 shares. Based on an average trading volume of 1,789,684 shares, the short-interest ratio is presently 0.6 days. Approximately 2.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Ethereum Fund

Several large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust acquired a new position in Fidelity Ethereum Fund in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC bought a new position in shares of Fidelity Ethereum Fund during the 2nd quarter worth approximately $33,000. PNC Financial Services Group Inc. acquired a new stake in shares of Fidelity Ethereum Fund during the 4th quarter worth approximately $59,000. Bank of America Corp DE grew its position in shares of 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 worth $60,000 after buying an additional 750 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Fidelity Ethereum Fund by 30.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock valued at $62,000 after acquiring an additional 486 shares in the last quarter.

Fidelity Ethereum Fund Price Performance

FETH stock opened at $18.36 on Friday. The stock has a 50-day moving average price of $18.49 and a 200-day moving average price of $21.96. Fidelity Ethereum Fund has a 1-year low of $15.22 and a 1-year high of $48.56.

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.