Fidelity Ethereum Fund (BATS:FETH) Shares Up 2% – What’s Next?

Fidelity Ethereum Fund (BATS:FETH)’s stock price traded up 2% on Wednesday . The stock traded as high as $20.81 and last traded at $20.72. 4,616,561 shares were traded during trading, a decline of 22% from the average session volume of 5,926,667 shares. The stock had previously closed at $20.32.

Fidelity Ethereum Fund Price Performance

The business has a 50 day moving average of $24.83 and a 200 day moving average of $32.75.

Hedge Funds Weigh In On Fidelity Ethereum Fund

A number of hedge funds have recently made changes to their positions in FETH. Millennium Management LLC lifted its holdings in shares of Fidelity Ethereum Fund by 33.6% during the 4th quarter. Millennium Management LLC now owns 3,857,936 shares of the company’s stock worth $114,233,000 after acquiring an additional 969,683 shares during the period. Capula Management Ltd increased its stake in Fidelity Ethereum Fund by 21.1% in the third quarter. Capula Management Ltd now owns 2,174,929 shares of the company’s stock valued at $90,368,000 after acquiring an additional 378,733 shares during the period. Jane Street Group LLC raised its position in Fidelity Ethereum Fund by 35.9% in the second quarter. Jane Street Group LLC now owns 1,882,006 shares of the company’s stock worth $47,370,000 after purchasing an additional 496,687 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in Fidelity Ethereum Fund by 663.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,227,277 shares of the company’s stock worth $50,993,000 after purchasing an additional 1,066,477 shares in the last quarter. Finally, HBK Investments L P lifted its stake in Fidelity Ethereum Fund by 150.7% during the second quarter. HBK Investments L P now owns 794,238 shares of the company’s stock worth $19,991,000 after purchasing an additional 477,445 shares during the period.

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.