Franklin Ethereum ETF (BATS:EZET) Stock Price Up 2.3% – Here’s What Happened

Shares of Franklin Ethereum ETF (BATS:EZET) shot up 2.3% during trading on Wednesday . The company traded as high as $12.31 and last traded at $12.24. 56,035 shares traded hands during trading, a decline of 57% from the average session volume of 130,016 shares. The stock had previously closed at $11.97.

Franklin Ethereum ETF Stock Performance

The business’s 50 day moving average price is $14.91 and its 200 day moving average price is $17.33.

Institutional Investors Weigh In On Franklin Ethereum ETF

Large investors have recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of Franklin Ethereum ETF by 370.0% during the second 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 during the last quarter. Cetera Investment Advisers purchased a new position in shares of Franklin Ethereum ETF in the fourth quarter valued at approximately $1,885,000. Meitav Investment House Ltd. lifted 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 acquiring an additional 5,205 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in shares of Franklin Ethereum ETF by 15.9% in the fourth quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock worth $781,000 after acquiring an additional 4,750 shares during the last quarter.

Franklin Ethereum ETF Company Profile

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.