Franklin Ethereum ETF (BATS:EZET) Stock Price Down 2.6% – Here’s Why

Franklin Ethereum ETF (BATS:EZET)’s stock price was down 2.6% during mid-day trading on Thursday . The company traded as low as $14.17 and last traded at $14.21. 15,975 shares were traded during mid-day trading, a decline of 87% from the average session volume of 119,846 shares. The stock had previously closed at $14.59.

Franklin Ethereum ETF Stock Down 2.6%

The firm has a fifty day simple moving average of $13.83 and a 200 day simple moving average of $16.43.

Institutional Investors Weigh In On Franklin Ethereum ETF

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Franklin Ethereum ETF by 370.0% in the second quarter. Jane Street Group LLC now owns 134,608 shares of the company’s stock valued at $2,575,000 after purchasing an additional 105,969 shares during the period. Cetera Investment Advisers acquired a new position in Franklin Ethereum ETF during the fourth quarter worth approximately $1,885,000. Meitav Investment House Ltd. raised its stake in Franklin Ethereum ETF by 10.9% during the first quarter. Meitav Investment House Ltd. now owns 52,848 shares of the company’s stock worth $840,000 after purchasing an additional 5,205 shares during the period. Finally, FAS Wealth Partners Inc. raised its stake in Franklin Ethereum ETF by 15.9% during the fourth quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock worth $781,000 after purchasing an additional 4,750 shares during the period.

Franklin Ethereum ETF Company Profile

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.