Fidelity Ethereum Fund (BATS:FETH) Trading 10.7% Higher – Time to Buy?

Fidelity Ethereum Fund (BATS:FETH) rose 10.7% during trading on Thursday . The company traded as high as $23.49 and last traded at $23.16. Approximately 4,652,993 shares traded hands during trading, an increase of 39% from the average daily volume of 3,350,838 shares. The stock had previously closed at $20.93.

Fidelity Ethereum Fund Stock Up 3.8%

The stock’s fifty day moving average is $18.29 and its two-hundred day moving average is $20.01.

Institutional Trading of Fidelity Ethereum Fund

Several institutional investors have recently bought and sold shares of FETH. Parkside Financial Bank & Trust bought a new position in Fidelity Ethereum Fund in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC bought a new stake in shares of Fidelity Ethereum Fund in the 2nd quarter worth $33,000. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Ethereum Fund in the fourth quarter worth $59,000. Bank of America Corp DE raised its stake in shares of Fidelity Ethereum Fund by 71.4% in the fourth 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. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Fidelity Ethereum Fund by 30.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,106 shares of the company’s stock valued at $62,000 after purchasing an additional 486 shares in the last quarter.

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.