Franklin Ethereum ETF (BATS:EZET) Stock Price Up 3.5% – Still a Buy?

Shares of Franklin Ethereum ETF (BATS:EZET) rose 3.5% during mid-day trading on Monday . The stock traded as high as $16.27 and last traded at $16.12. Approximately 101,726 shares traded hands during trading, a decline of 62% from the average daily volume of 265,663 shares. The stock had previously closed at $15.58.

Franklin Ethereum ETF Stock Up 3.5%

The stock has a 50-day simple moving average of $22.31 and a 200 day simple moving average of $27.30.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EZET. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin Ethereum ETF during the third quarter valued at about $71,000. Venturi Wealth Management LLC acquired a new position in shares of Franklin Ethereum ETF in the 3rd quarter worth approximately $234,000. FAS Wealth Partners Inc. purchased a new position in shares of Franklin Ethereum ETF during the 3rd quarter worth approximately $945,000. Meitav Investment House Ltd. purchased a new position in shares of Franklin Ethereum ETF during the 3rd quarter worth approximately $1,343,000. Finally, Jane Street Group LLC increased its holdings in Franklin Ethereum ETF by 370.0% in the 2nd 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 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.