Fidelity Ethereum Fund (BATS:FETH) Short Interest Update

Fidelity Ethereum Fund (BATS:FETH) was the recipient 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. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 2,685,595 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Fidelity Ethereum Fund

A number of institutional investors have recently modified their holdings of FETH. Root Financial Partners LLC raised its stake in shares of Fidelity Ethereum Fund by 106.8% during the 4th quarter. Root Financial Partners LLC now owns 3,102 shares of the company’s stock worth $92,000 after buying an additional 1,602 shares during the last quarter. KDK Private Wealth Management LLC grew its stake in Fidelity Ethereum Fund by 2.5% in the 1st quarter. KDK Private Wealth Management LLC now owns 137,340 shares of the company’s stock valued at $2,868,000 after acquiring an additional 3,320 shares during the last quarter. PYA Waltman Capital LLC increased its holdings in Fidelity Ethereum Fund by 4.5% during the 2nd quarter. PYA Waltman Capital LLC now owns 83,723 shares of the company’s stock valued at $1,318,000 after acquiring an additional 3,591 shares in the last quarter. Bogart Wealth LLC purchased a new position in Fidelity Ethereum Fund during the 1st quarter valued at about $75,000. Finally, Parkside Financial Bank & Trust raised its position in Fidelity Ethereum Fund by 164.6% during the second quarter. Parkside Financial Bank & Trust now owns 6,117 shares of the company’s stock worth $96,000 after acquiring an additional 3,805 shares during the last quarter.

Fidelity Ethereum Fund Stock Down 4.9%

Shares of FETH opened at $24.05 on Wednesday. The stock’s 50 day moving average is $20.94 and its two-hundred day moving average is $20.53. Fidelity Ethereum Fund has a twelve month low of $15.22 and a twelve month 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.