Short Interest in VanEck Ethereum ETF (BATS:ETHV) Declines By 66.9%

VanEck Ethereum ETF (BATS:ETHV) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 13,333 shares, a decrease of 66.9% from the June 30th total of 40,314 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 37,224 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On VanEck Ethereum ETF

A number of institutional investors have recently modified their holdings of ETHV. Quadcap Wealth Management LLC raised its holdings in shares of VanEck Ethereum ETF by 14.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 58,604 shares of the company’s stock valued at $1,796,000 after buying an additional 7,473 shares during the period. Hilltop Holdings Inc. purchased a new position in VanEck Ethereum ETF during the 1st quarter valued at about $222,000. IMC Chicago LLC purchased a new position in VanEck Ethereum ETF during the 1st quarter valued at about $302,000. Darwin Wealth Management LLC purchased a new position in VanEck Ethereum ETF during the 1st quarter valued at about $447,000. Finally, Kestra Advisory Services LLC grew its position in VanEck Ethereum ETF by 28.5% in the 1st quarter. Kestra Advisory Services LLC now owns 8,632 shares of the company’s stock valued at $265,000 after acquiring an additional 1,913 shares in the last quarter.

VanEck Ethereum ETF Stock Down 0.5%

BATS ETHV opened at $27.20 on Friday. The firm’s 50-day moving average is $26.56 and its two-hundred day moving average is $31.66. VanEck Ethereum ETF has a 12 month low of $22.40 and a 12 month high of $71.17.

VanEck Ethereum ETF Company Profile

The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.