iShares Ethereum Trust ETF (NASDAQ:ETHA) Sees Large Drop in Short Interest

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,132,577 shares, a decline of 57.3% from the February 26th total of 16,701,745 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 41,070,297 shares, the short-interest ratio is presently 0.2 days.

iShares Ethereum Trust ETF Price Performance

iShares Ethereum Trust ETF stock traded down $0.45 during midday trading on Friday, hitting $15.01. The company’s stock had a trading volume of 53,939,875 shares, compared to its average volume of 44,154,332. iShares Ethereum Trust ETF has a 12 month low of $10.99 and a 12 month high of $36.80. The stock’s 50-day moving average price is $16.94 and its 200-day moving average price is $23.44.

Institutional Trading of iShares Ethereum Trust ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inscription Capital LLC acquired a new position in shares of iShares Ethereum Trust ETF in the 3rd quarter valued at $952,000. Copperleaf Capital LLC purchased a new stake in iShares Ethereum Trust ETF during the third quarter valued at about $648,000. Global Retirement Partners LLC boosted its holdings in shares of iShares Ethereum Trust ETF by 57.6% in the third quarter. Global Retirement Partners LLC now owns 109,269 shares of the company’s stock worth $3,443,000 after buying an additional 39,955 shares during the period. Advyzon Investment Management LLC purchased a new position in shares of iShares Ethereum Trust ETF in the third quarter worth approximately $1,531,000. Finally, Cerity Partners LLC increased its position in shares of iShares Ethereum Trust ETF by 28.9% in the third quarter. Cerity Partners LLC now owns 1,009,622 shares of the company’s stock worth $31,813,000 after acquiring an additional 226,614 shares in the last quarter.

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.