Short Interest in Franklin Ethereum ETF (BATS:EZET) Decreases By 78.2%

Franklin Ethereum ETF (BATS:EZET) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,865 shares, a drop of 78.2% from the May 14th total of 49,729 shares. Based on an average daily volume of 49,003 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

Franklin Ethereum ETF Trading Down 0.7%

Shares of EZET stock traded down $0.09 during midday trading on Friday, hitting $12.65. The company had a trading volume of 35,265 shares, compared to its average volume of 138,449. The company’s 50 day simple moving average is $16.21 and its 200 day simple moving average is $18.46. Franklin Ethereum ETF has a 52-week low of $11.70 and a 52-week high of $36.88.

Institutional Trading of Franklin Ethereum ETF

Several hedge funds have recently modified their holdings of EZET. Jane Street Group LLC lifted its holdings in shares of Franklin Ethereum ETF by 370.0% in the 2nd quarter. Jane Street Group LLC now owns 134,608 shares of the company’s stock valued at $2,575,000 after buying an additional 105,969 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Franklin Ethereum ETF in the 4th quarter valued at approximately $1,885,000. FAS Wealth Partners Inc. lifted its holdings in shares of Franklin Ethereum ETF by 15.9% in the 4th quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock valued at $781,000 after buying an additional 4,750 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in shares of Franklin Ethereum ETF by 10.9% in the 1st quarter. Meitav Investment House Ltd. now owns 52,848 shares of the company’s stock valued at $840,000 after buying an additional 5,205 shares during the period.

About Franklin Ethereum ETF

The Franklin Ethereum ETF (EZET) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund seeks to replicate the performance of Ether using a Benchmark Rate to determine its value. The fund does not directly invest in Ether EZET was launched on Jul 23, 2024 and is issued by Franklin Templeton.