Franklin Ethereum ETF (BATS:EZET – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,380 shares, a growth of 65.5% from the July 30th total of 12,917 shares. Based on an average trading volume of 37,064 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.2% of the company’s stock are sold short.
Franklin Ethereum ETF Stock Down 2.7%
BATS:EZET opened at $18.31 on Wednesday. Franklin Ethereum ETF has a fifty-two week low of $11.62 and a fifty-two week high of $36.15. The stock’s 50-day moving average is $14.68 and its two-hundred day moving average is $15.35.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EZET. FAS Wealth Partners Inc. increased its stake in 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. Meitav Investment House Ltd. boosted its stake in shares of Franklin Ethereum ETF by 10.9% during 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. Cetera Investment Advisers acquired a new stake in shares of Franklin Ethereum ETF during the 4th quarter valued at $1,885,000. Finally, Jane Street Group LLC boosted its stake in shares of Franklin Ethereum ETF by 370.0% during 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.
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.
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