Short Interest in Fidelity Ethereum Fund (BATS:FETH) Declines By 44.1%

Fidelity Ethereum Fund (BATS:FETH) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 992,511 shares, a decrease of 44.1% from the June 15th total of 1,776,666 shares. Based on an average daily volume of 1,789,684 shares, the short-interest ratio is presently 0.6 days. Currently, 2.0% of the shares of the company are sold short.

Fidelity Ethereum Fund Stock Up 2.5%

Shares of BATS FETH opened at $19.16 on Thursday. The firm’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $22.06. Fidelity Ethereum Fund has a 12 month low of $15.22 and a 12 month high of $48.56.

Institutional Trading of Fidelity Ethereum Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Fidelity Ethereum Fund by 33.6% in the fourth quarter. Millennium Management LLC now owns 3,857,936 shares of the company’s stock valued at $114,233,000 after buying an additional 969,683 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Fidelity Ethereum Fund by 35.9% during the 2nd quarter. Jane Street Group LLC now owns 1,882,006 shares of the company’s stock worth $47,370,000 after acquiring an additional 496,687 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Fidelity Ethereum Fund by 663.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,227,277 shares of the company’s stock valued at $50,993,000 after acquiring an additional 1,066,477 shares during the period. Kaleidoscope Capital LP grew its position in shares of Fidelity Ethereum Fund by 10.9% during the 4th quarter. Kaleidoscope Capital LP now owns 729,305 shares of the company’s stock valued at $21,595,000 after acquiring an additional 71,634 shares during the period. Finally, United Capital Management of KS Inc. increased its stake in shares of Fidelity Ethereum Fund by 1.2% in the 4th quarter. United Capital Management of KS Inc. now owns 467,518 shares of the company’s stock valued at $13,843,000 after purchasing an additional 5,570 shares in the last quarter.

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.