Fidelity Ethereum Fund (BATS:FETH) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of Fidelity Ethereum Fund (BATS:FETH) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $21.63 and traded as low as $21.03. Fidelity Ethereum Fund shares last traded at $21.17, with a volume of 1,388,947 shares trading hands.

Fidelity Ethereum Fund Stock Performance

The stock has a 50-day moving average of $24.72 and a 200-day moving average of $21.63.

Institutional Trading of Fidelity Ethereum Fund

Institutional investors have recently modified their holdings of the stock. National Wealth Management Group LLC increased its position in Fidelity Ethereum Fund by 3.2% in the 3rd quarter. National Wealth Management Group LLC now owns 15,949 shares of the company’s stock valued at $424,000 after buying an additional 500 shares in the last quarter. Beam Wealth Advisors Inc. raised its holdings in shares of Fidelity Ethereum Fund by 0.7% in the third quarter. Beam Wealth Advisors Inc. now owns 88,613 shares of the company’s stock valued at $2,354,000 after purchasing an additional 649 shares during the last quarter. Atomic Invest LLC lifted its position in shares of Fidelity Ethereum Fund by 9.9% during the 2nd quarter. Atomic Invest LLC now owns 9,880 shares of the company’s stock worth $160,000 after buying an additional 890 shares in the last quarter. Activest Wealth Management boosted its position in Fidelity Ethereum Fund by 10.7% in the third quarter. Activest Wealth Management now owns 15,035 shares of the company’s stock worth $399,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Fidelity Ethereum Fund in the 3rd quarter worth about $83,000.

About Fidelity Ethereum Fund

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.