Fidelity Ethereum Fund (BATS:FETH) Sees Large Drop in Short Interest

Fidelity Ethereum Fund (BATS:FETH) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 479,604 shares, a decrease of 51.2% from the August 31st total of 982,739 shares. Based on an average daily trading volume, of 2,720,851 shares, the short-interest ratio is presently 0.2 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FETH. Atomic Invest LLC boosted its holdings in Fidelity Ethereum Fund by 9.9% during the 2nd quarter. Atomic Invest LLC now owns 9,880 shares of the company’s stock valued at $160,000 after acquiring an additional 890 shares during the period. IFP Advisors Inc grew its position in Fidelity Ethereum Fund by 29.6% in the 2nd quarter. IFP Advisors Inc now owns 21,134 shares of the company’s stock valued at $333,000 after acquiring an additional 4,821 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Fidelity Ethereum Fund by 164.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,117 shares of the company’s stock worth $96,000 after purchasing an additional 3,805 shares during the period. Kingsbury Capital Investment Advisors LLC increased its stake in Fidelity Ethereum Fund by 78.0% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 25,296 shares of the company’s stock worth $398,000 after purchasing an additional 11,086 shares during the period. Finally, WorthPointe LLC lifted its position in shares of Fidelity Ethereum Fund by 47.4% during the second quarter. WorthPointe LLC now owns 19,841 shares of the company’s stock worth $312,000 after purchasing an additional 6,382 shares during the last quarter.

Fidelity Ethereum Fund Stock Up 0.6%

BATS FETH opened at $26.77 on Wednesday. The company has a fifty day moving average of $22.54 and a two-hundred day moving average of $20.96. Fidelity Ethereum Fund has a 52 week low of $15.22 and a 52 week high of $47.54.

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.