Fidelity Ethereum Fund (BATS:FETH) Short Interest Update

Fidelity Ethereum Fund (BATS:FETH) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 948,295 shares, a decrease of 49.9% from the April 30th total of 1,892,184 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average trading volume of 1,628,990 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Ethereum Fund Stock Performance

Shares of BATS FETH opened at $19.03 on Wednesday. The stock’s 50-day simple moving average is $21.92 and its two-hundred day simple moving average is $25.01. Fidelity Ethereum Fund has a twelve month low of $17.98 and a twelve month high of $48.56.

Hedge Funds Weigh In On Fidelity Ethereum Fund

A number of institutional investors have recently added to or reduced their stakes in FETH. Millennium Management LLC increased its stake in Fidelity Ethereum Fund by 393.8% in the 3rd quarter. Millennium Management LLC now owns 2,888,253 shares of the company’s stock worth $120,007,000 after acquiring an additional 2,303,389 shares during the last quarter. Schonfeld Strategic Advisors LLC increased 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 purchasing an additional 1,066,477 shares during the last quarter. Kaleidoscope Capital LP bought a new position in shares of Fidelity Ethereum Fund during the 3rd quarter valued at about $27,326,000. Jane Street Group LLC increased its position 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 valued at $47,370,000 after purchasing an additional 496,687 shares during the last quarter. Finally, Capula Management Ltd increased its position in shares of Fidelity Ethereum Fund by 21.1% during the 3rd quarter. Capula Management Ltd now owns 2,174,929 shares of the company’s stock valued at $90,368,000 after purchasing an additional 378,733 shares during 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.