Franklin Ethereum ETF (BATS:EZET) Stock Price Down 0.5% – Here’s What Happened

Franklin Ethereum ETF (BATS:EZET) shares were down 0.5% on Friday . The company traded as low as $14.11 and last traded at $14.23. Approximately 18,971 shares were traded during trading, a decline of 83% from the average session volume of 111,044 shares. The stock had previously closed at $14.30.

Franklin Ethereum ETF Stock Performance

The company has a 50-day moving average of $13.56 and a 200-day moving average of $15.42.

Hedge Funds Weigh In On Franklin Ethereum ETF

Several hedge funds have recently bought and sold shares of EZET. Jane Street Group LLC raised 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 worth $2,575,000 after acquiring an additional 105,969 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Franklin Ethereum ETF in the fourth quarter valued at $1,885,000. Meitav Investment House Ltd. boosted its stake in shares of Franklin Ethereum ETF by 10.9% during 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 during the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in shares of Franklin Ethereum ETF by 15.9% during the fourth 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 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.