Franklin Ethereum ETF (BATS:EZET – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,865 shares, a drop of 78.2% from the May 14th total of 49,729 shares. Based on an average daily volume of 49,003 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the company are short sold.
Franklin Ethereum ETF Stock Down 1.7%
Shares of Franklin Ethereum ETF stock opened at $12.35 on Thursday. Franklin Ethereum ETF has a 1 year low of $11.70 and a 1 year high of $36.88. The stock has a fifty day moving average price of $16.27 and a 200-day moving average price of $18.51.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its stake 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 acquiring an additional 105,969 shares during the period. Cetera Investment Advisers bought a new position in shares of Franklin Ethereum ETF during the 4th quarter worth $1,885,000. Meitav Investment House Ltd. grew its stake in shares of Franklin Ethereum ETF by 10.9% during the 1st quarter. Meitav Investment House Ltd. now owns 52,848 shares of the company’s stock worth $840,000 after acquiring an additional 5,205 shares during the period. Finally, FAS Wealth Partners Inc. grew 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 acquiring an additional 4,750 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.
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