Fidelity Ethereum Fund (BATS:FETH) Shares Shorted: Short Interest Up 105.8% in October

Fidelity Ethereum Fund (BATS:FETH) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,042,146 shares, a growth of 105.8% from the September 30th total of 506,502 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 1,760,520 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Independent Financial Group LLC bought a new position in shares of Fidelity Ethereum Fund during the first quarter worth about $1,223,000. IFP Advisors Inc boosted its holdings in Fidelity Ethereum Fund by 255.8% in the third quarter. IFP Advisors Inc now owns 75,200 shares of the company’s stock valued at $1,998,000 after acquiring an additional 54,066 shares during the last quarter. Tactive Advisors LLC bought a new position in Fidelity Ethereum Fund during the 3rd quarter worth approximately $1,263,000. Lido Advisors LLC raised its holdings in Fidelity Ethereum Fund by 442.6% during the 1st quarter. Lido Advisors LLC now owns 40,057 shares of the company’s stock worth $836,000 after purchasing an additional 32,674 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in Fidelity Ethereum Fund during the 3rd quarter worth approximately $478,000.

Fidelity Ethereum Fund Trading Down 4.4%

Shares of BATS:FETH opened at $22.23 on Friday. The firm’s fifty day moving average is $24.96 and its 200-day moving average is $21.91. Fidelity Ethereum Fund has a 52 week low of $15.22 and a 52 week high of $38.96.

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.