Franklin Ethereum ETF (BATS:EZET) Shares Down 3% – Time to Sell?

Franklin Ethereum ETF (BATS:EZET) shares dropped 3% during trading on Tuesday . The stock traded as low as $14.65 and last traded at $14.99. Approximately 272,781 shares traded hands during trading, an increase of 29% from the average daily volume of 212,007 shares. The stock had previously closed at $15.45.

Franklin Ethereum ETF Stock Down 3.0%

The firm’s 50-day moving average is $19.69 and its two-hundred day moving average is $25.59.

Hedge Funds Weigh In On Franklin Ethereum ETF

Several large investors have recently made changes to their positions in EZET. FAS Wealth Partners Inc. acquired a new stake in Franklin Ethereum ETF in the third quarter worth about $945,000. Meitav Investment House Ltd. acquired a new stake in shares of Franklin Ethereum ETF during the 3rd quarter worth approximately $1,343,000. Jane Street Group LLC grew its position in shares of Franklin Ethereum ETF by 370.0% during the 2nd quarter. Jane Street Group LLC now owns 134,608 shares of the company’s stock worth $2,575,000 after buying an additional 105,969 shares during the period. Cetera Investment Advisers bought a new stake in shares of Franklin Ethereum ETF during the fourth quarter worth approximately $1,885,000. Finally, Geneos Wealth Management Inc. acquired a new position in Franklin Ethereum ETF in the third quarter valued at approximately $71,000.

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.