Franklin Ethereum ETF (BATS:EZET) Stock Price Down 0.5% – Here’s What Happened

Franklin Ethereum ETF (BATS:EZET) fell 0.5% on Friday . The stock traded as low as $14.11 and last traded at $14.23. Approximately 18,971 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 111,044 shares. The stock had previously closed at $14.30.

Franklin Ethereum ETF Trading Down 0.5%

The firm has a fifty day moving average of $13.56 and a 200-day moving average of $15.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. FAS Wealth Partners Inc. boosted its position in shares of Franklin Ethereum ETF by 15.9% in the 4th quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock worth $781,000 after buying an additional 4,750 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in Franklin Ethereum ETF by 10.9% during the 1st quarter. Meitav Investment House Ltd. now owns 52,848 shares of the company’s stock valued at $840,000 after acquiring an additional 5,205 shares in the last quarter. Cetera Investment Advisers purchased a new position in Franklin Ethereum ETF during the 4th quarter valued at about $1,885,000. Finally, Jane Street Group LLC increased its holdings in Franklin Ethereum ETF by 370.0% during the 2nd quarter. Jane Street Group LLC now owns 134,608 shares of the company’s stock valued at $2,575,000 after acquiring an additional 105,969 shares in the last quarter.

About Franklin Ethereum ETF

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.