Fidelity Ethereum Fund (BATS:FETH) Short Interest Down 44.1% in June

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

Hedge Funds Weigh In On Fidelity Ethereum Fund

A number of large investors have recently added to or reduced their stakes in FETH. Parkside Financial Bank & Trust purchased a new position in Fidelity Ethereum Fund during the fourth quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in shares of Fidelity Ethereum Fund during the second quarter worth about $33,000. Bank of America Corp DE raised its position in shares of Fidelity Ethereum Fund by 71.4% during the 4th quarter. Bank of America Corp DE now owns 1,800 shares of the company’s stock worth $60,000 after purchasing an additional 750 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Fidelity Ethereum Fund during the 4th quarter worth about $59,000. Finally, Farther Finance Advisors LLC lifted its stake in Fidelity Ethereum Fund by 30.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock valued at $62,000 after buying an additional 486 shares in the last quarter.

Fidelity Ethereum Fund Stock Up 2.5%

Shares of FETH stock opened at $19.16 on Thursday. Fidelity Ethereum Fund has a 1-year low of $15.22 and a 1-year high of $48.56. The stock has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $22.06.

About Fidelity Ethereum Fund

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.