Short Interest in iShares Ethereum Trust ETF (NASDAQ:ETHA) Declines By 21.9%

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 9,822,189 shares, a decrease of 21.9% from the November 30th total of 12,569,435 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,839,207 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 47,839,207 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.4% of the shares of the stock are short sold.

iShares Ethereum Trust ETF Price Performance

NASDAQ:ETHA traded up $0.35 during mid-day trading on Tuesday, reaching $22.45. 9,919,068 shares of the stock were exchanged, compared to its average volume of 31,172,926. The business has a fifty day moving average price of $24.49 and a 200 day moving average price of $27.11. iShares Ethereum Trust ETF has a 1-year low of $10.99 and a 1-year high of $36.80.

Institutional Trading of iShares Ethereum Trust ETF

Large investors have recently added to or reduced their stakes in the business. Private Wealth Management Group LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares Ethereum Trust ETF during the third quarter valued at $26,000. Activest Wealth Management boosted its position in shares of iShares Ethereum Trust ETF by 252.7% in the 3rd quarter. Activest Wealth Management now owns 864 shares of the company’s stock valued at $27,000 after purchasing an additional 619 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in iShares Ethereum Trust ETF in the 3rd quarter worth about $28,000. Finally, Princeton Global Asset Management LLC acquired a new stake in iShares Ethereum Trust ETF during the 3rd quarter worth about $31,000.

iShares Ethereum Trust ETF Company Profile

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.