Fidelity Ethereum Fund (BATS:FETH) Stock Short Interest Rises 105.8%

by · The Cerbat Gem

Fidelity Ethereum Fund (BATS:FETH – Get Free Report) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 1,760,520 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.1% of the company’s shares are short sold.

Fidelity Ethereum Fund Price Performance

Shares of FETH stock opened at $22.23 on Monday. The company’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $21.91. Fidelity Ethereum Fund has a 1 year low of $15.22 and a 1 year high of $38.96.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new position in Fidelity Ethereum Fund during the third quarter worth about $478,000. XML Financial LLC acquired a new stake in shares of Fidelity Ethereum Fund in the 3rd quarter valued at approximately $220,000. Parcion Private Wealth LLC acquired a new position in shares of Fidelity Ethereum Fund during the 3rd quarter worth approximately $242,000. Park Avenue Securities LLC increased its stake in Fidelity Ethereum Fund by 25.4% in the third quarter. Park Avenue Securities LLC now owns 47,855 shares of the company’s stock valued at $1,272,000 after purchasing an additional 9,705 shares during the last quarter. Finally, National Wealth Management Group LLC boosted its holdings in Fidelity Ethereum Fund by 3.2% in the 3rd quarter. National Wealth Management Group LLC now owns 15,949 shares of the company’s stock worth $424,000 after acquiring an additional 500 shares during the period.

Fidelity Ethereum Fund Company Profile

(Get Free Report)

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.

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