Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 84,101 shares, a decrease of 63.6% from the August 31st total of 231,162 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 995,357 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Bitwise Ethereum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC acquired a new stake in shares of Bitwise Ethereum ETF in the first quarter valued at about $1,070,000. RFG Advisory LLC increased its stake in shares of Bitwise Ethereum ETF by 58.3% during the second quarter. RFG Advisory LLC now owns 58,436 shares of the company’s stock worth $659,000 after purchasing an additional 21,527 shares in the last quarter. Gainline Financial Partners LLC acquired a new position in shares of Bitwise Ethereum ETF during the 2nd quarter worth about $158,000. Wealthcare Advisory Partners LLC lifted its stake in Bitwise Ethereum ETF by 61.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 19,675 shares of the company’s stock valued at $222,000 after buying an additional 7,455 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Bitwise Ethereum ETF by 81.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,164 shares of the company’s stock valued at $32,000 after buying an additional 970 shares in the last quarter.

Bitwise Ethereum ETF Stock Down 0.2%

Shares of Bitwise Ethereum ETF stock traded down $0.04 on Friday, reaching $19.24. The company’s stock had a trading volume of 522,972 shares, compared to its average volume of 1,169,334. Bitwise Ethereum ETF has a 52-week low of $10.93 and a 52-week high of $34.11. The stock has a 50-day moving average price of $15.96 and a 200-day moving average price of $14.98.

About Bitwise Ethereum ETF

The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.