Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Shares Shorted: Short Interest Up 90.7% in September

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 133,094 shares, a growth of 90.7% from the August 31st total of 69,780 shares. Based on an average daily volume of 398,854 shares, the short-interest ratio is presently 0.3 days. Currently, 1.1% of the company’s stock are sold short.

Grayscale Chainlink Trust ETF Trading Up 8.6%

Shares of Grayscale Chainlink Trust ETF stock opened at $13.38 on Tuesday. The company has a 50-day simple moving average of $9.30 and a two-hundred day simple moving average of $8.57. Grayscale Chainlink Trust ETF has a one year low of $6.25 and a one year high of $36.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC boosted its position in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,242 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission.

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.