Fidelity Ethereum Fund (BATS:FETH – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 982,739 shares, an increase of 102.6% from the August 15th total of 485,060 shares. Based on an average daily trading volume, of 2,685,595 shares, the short-interest ratio is currently 0.4 days. Approximately 2.0% of the company’s shares are short sold.
Hedge Funds Weigh In On Fidelity Ethereum Fund
A number of large investors have recently bought and sold shares of FETH. Parkside Financial Bank & Trust bought a new stake in Fidelity Ethereum Fund in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new position in shares of Fidelity Ethereum Fund in the second quarter worth $33,000. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Ethereum Fund in the fourth quarter worth $59,000. Bank of America Corp DE raised its holdings in 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 valued at $60,000 after buying an additional 750 shares during the last quarter. Finally, Bogart Wealth LLC bought a new stake in Fidelity Ethereum Fund during the 1st quarter valued at $75,000.
Fidelity Ethereum Fund Stock Performance
FETH opened at $25.29 on Monday. Fidelity Ethereum Fund has a 12 month low of $15.22 and a 12 month high of $47.54. The business’s 50-day moving average price is $20.66 and its 200-day moving average price is $20.46.
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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