Franklin Ethereum ETF (BATS:EZET) Sees Significant Decrease in Short Interest

Franklin Ethereum ETF (BATS:EZET) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 41,612 shares, a decline of 51.5% from the April 15th total of 85,811 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,641 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. acquired a new stake in shares of Franklin Ethereum ETF in the 3rd quarter valued at $945,000. Meitav Investment House Ltd. acquired a new stake in shares of Franklin Ethereum ETF in the 3rd quarter valued at $1,343,000. Cetera Investment Advisers acquired a new stake in shares of Franklin Ethereum ETF in the 4th quarter valued at $1,885,000. Finally, Jane Street Group LLC boosted its holdings in shares of 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 in the last quarter.

Franklin Ethereum ETF Trading Down 3.3%

Shares of EZET stock opened at $16.83 on Friday. The stock has a 50 day simple moving average of $16.76 and a 200 day simple moving average of $20.00. Franklin Ethereum ETF has a 1 year low of $13.68 and a 1 year high of $36.88.

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.