Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Short Interest Up 81.6% in August

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 289,835 shares, a growth of 81.6% from the July 30th total of 159,626 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 275,064 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Grayscale Chainlink Trust ETF

An institutional investor recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC lifted its stake in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,242 shares of the company’s stock after purchasing an additional 34,865 shares during the period. MOR Wealth Management LLC owned 0.82% of Grayscale Chainlink Trust ETF worth $546,000 as of its most recent SEC filing.

Grayscale Chainlink Trust ETF Price Performance

Shares of Grayscale Chainlink Trust ETF stock traded down $0.43 during trading hours on Friday, reaching $10.11. 376,307 shares of the company’s stock were exchanged, compared to its average volume of 247,997. The business has a fifty day moving average of $7.69 and a two-hundred day moving average of $8.94. Grayscale Chainlink Trust ETF has a 1 year low of $6.25 and a 1 year high of $55.21.

Grayscale Chainlink Trust ETF (NYSE Arca: GLNK) is an exchange-traded investment product sponsored by Grayscale Investments. Rather than operating as a conventional company, the trust is designed to provide investors with exposure to Chainlink (LINK), the digital asset associated with the Chainlink decentralized oracle network.

The trust’s principal activity is holding LINK and issuing shares that are intended to represent an interest in the underlying assets. Chainlink’s network is designed to connect blockchain-based smart contracts with external data, events and systems, supporting applications in areas such as decentralized finance, insurance, gaming and other blockchain services.