Franklin Ethereum ETF (BATS:EZET – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 21,380 shares, an increase of 65.5% from the July 30th total of 12,917 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 37,064 shares, the days-to-cover ratio is presently 0.6 days.
Franklin Ethereum ETF Stock Up 1.8%
Shares of BATS:EZET opened at $18.81 on Tuesday. Franklin Ethereum ETF has a 1 year low of $11.62 and a 1 year high of $36.15. The business’s 50 day moving average price is $14.57 and its 200-day moving average price is $15.32.
Institutional Investors Weigh In On Franklin Ethereum ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FAS Wealth Partners Inc. grew its stake in Franklin Ethereum ETF by 15.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock valued at $781,000 after acquiring an additional 4,750 shares in the last quarter. Meitav Investment House Ltd. grew its position in shares of Franklin Ethereum ETF by 10.9% in the first quarter. Meitav Investment House Ltd. now owns 52,848 shares of the company’s stock valued at $840,000 after purchasing an additional 5,205 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Franklin Ethereum ETF in the fourth quarter valued at approximately $1,885,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 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.
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