Franklin Ethereum ETF (BATS:EZET) Shares Down 2.6% – Here’s Why

Franklin Ethereum ETF (BATS:EZET)’s stock price was down 2.6% during mid-day trading on Thursday . The company traded as low as $14.17 and last traded at $14.21. Approximately 15,975 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 119,846 shares. The stock had previously closed at $14.59.

Franklin Ethereum ETF Trading Down 2.6%

The company’s 50 day simple moving average is $13.83 and its 200-day simple moving average is $16.43.

Institutional Trading of Franklin Ethereum ETF

Hedge funds have recently bought and sold shares of the company. FAS Wealth Partners Inc. lifted its stake in shares of Franklin Ethereum ETF by 15.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 34,680 shares of the company’s stock worth $781,000 after purchasing an additional 4,750 shares during the period. Meitav Investment House Ltd. boosted its holdings 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 worth $840,000 after purchasing an additional 5,205 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Franklin Ethereum ETF during the fourth quarter worth $1,885,000. Finally, Jane Street Group LLC grew its position 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 valued at $2,575,000 after purchasing an additional 105,969 shares during the period.

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.