Fidelity Ethereum Fund (BATS:FETH – Get Free Report) traded up 3.2% on Friday . The stock traded as high as $26.55 and last traded at $25.29. Approximately 6,582,748 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 3,262,658 shares. The stock had previously closed at $24.50.
Fidelity Ethereum Fund Stock Up 3.2%
The business has a 50-day moving average of $20.66 and a 200-day moving average of $20.45.
Institutional Investors Weigh In On Fidelity Ethereum Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its position in Fidelity Ethereum Fund by 393.8% during the third quarter. Millennium Management LLC now owns 2,888,253 shares of the company’s stock worth $120,007,000 after purchasing an additional 2,303,389 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in Fidelity Ethereum Fund by 663.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,227,277 shares of the company’s stock valued at $50,993,000 after buying an additional 1,066,477 shares during the last quarter. Jane Street Group LLC grew its stake in Fidelity Ethereum Fund by 35.9% in the 2nd quarter. Jane Street Group LLC now owns 1,882,006 shares of the company’s stock valued at $47,370,000 after buying an additional 496,687 shares during the last quarter. Virtu Financial LLC raised its holdings in Fidelity Ethereum Fund by 567.8% in the 4th quarter. Virtu Financial LLC now owns 258,676 shares of the company’s stock valued at $7,659,000 after acquiring an additional 219,943 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Fidelity Ethereum Fund in the 4th quarter valued at about $4,329,000.
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.
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