Fidelity Ethereum Fund (BATS:FETH) Shares Shorted: Short Interest Down 51.2% in September

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

Fidelity Ethereum Fund Stock Performance

BATS:FETH opened at $26.61 on Tuesday. Fidelity Ethereum Fund has a one year low of $15.22 and a one year high of $47.54. The business has a fifty day moving average price of $22.39 and a 200-day moving average price of $20.91.

Hedge Funds Weigh In On Fidelity Ethereum Fund

Several large investors have recently added to or reduced their stakes in FETH. Root Financial Partners LLC grew its position in shares of Fidelity Ethereum Fund by 106.8% during the fourth quarter. Root Financial Partners LLC now owns 3,102 shares of the company’s stock worth $92,000 after purchasing an additional 1,602 shares in the last quarter. Bogart Wealth LLC bought a new position in Fidelity Ethereum Fund in the 1st quarter worth approximately $75,000. Parkside Financial Bank & Trust grew its holdings in Fidelity Ethereum Fund by 164.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,117 shares of the company’s stock valued at $96,000 after buying an additional 3,805 shares in the last quarter. Atomic Invest LLC raised its position in shares of Fidelity Ethereum Fund by 9.9% during the second quarter. Atomic Invest LLC now owns 9,880 shares of the company’s stock valued at $160,000 after buying an additional 890 shares during the last quarter. Finally, COFG Advisors LLC bought a new stake in shares of Fidelity Ethereum Fund during the fourth quarter valued at approximately $427,000.

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.