Fidelity Ethereum Fund (BATS:FETH) Shares Shorted: Short Interest Down 51.2% in September

Fidelity Ethereum Fund (BATS:FETH) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 479,604 shares, a drop of 51.2% from the August 31st total of 982,739 shares. Based on an average trading volume of 2,720,851 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the company’s stock are sold short.

Fidelity Ethereum Fund Stock Performance

Shares of FETH opened at $26.61 on Tuesday. Fidelity Ethereum Fund has a fifty-two week low of $15.22 and a fifty-two week high of $47.54. The firm’s 50-day simple moving average is $22.39 and its two-hundred day simple moving average is $20.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FETH. Atomic Invest LLC raised its stake in shares of Fidelity Ethereum Fund by 9.9% in the second quarter. Atomic Invest LLC now owns 9,880 shares of the company’s stock worth $160,000 after purchasing an additional 890 shares during the last quarter. Root Financial Partners LLC increased its holdings in Fidelity Ethereum Fund by 106.8% in the 4th quarter. Root Financial Partners LLC now owns 3,102 shares of the company’s stock worth $92,000 after buying an additional 1,602 shares in the last quarter. KDK Private Wealth Management LLC raised its position in Fidelity Ethereum Fund by 2.5% in the 1st quarter. KDK Private Wealth Management LLC now owns 137,340 shares of the company’s stock worth $2,868,000 after buying an additional 3,320 shares during the last quarter. PYA Waltman Capital LLC raised its position in Fidelity Ethereum Fund by 4.5% in the 2nd quarter. PYA Waltman Capital LLC now owns 83,723 shares of the company’s stock worth $1,318,000 after buying an additional 3,591 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in Fidelity Ethereum Fund during the 1st quarter valued at about $75,000.

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.