iShares Ethereum Trust ETF (NASDAQ:ETHA) Sees Significant Decrease in Short Interest

iShares Ethereum Trust ETF (NASDAQ:ETHA) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 14,909,655 shares, a drop of 34.2% from the January 15th total of 22,642,115 shares. Currently, 8.3% of the shares of the company are sold short. Based on an average trading volume of 41,658,477 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 41,658,477 shares, the days-to-cover ratio is currently 0.4 days. Currently, 8.3% of the shares of the company are sold short.

iShares Ethereum Trust ETF Trading Up 6.8%

Shares of iShares Ethereum Trust ETF stock traded up $0.99 during trading hours on Friday, hitting $15.45. 40,759,874 shares of the company’s stock traded hands, compared to its average volume of 48,740,363. iShares Ethereum Trust ETF has a 12-month low of $10.99 and a 12-month high of $36.80. The company has a fifty day simple moving average of $21.56 and a 200-day simple moving average of $26.84.

Institutional Trading of iShares Ethereum Trust ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Farallon Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF in the third quarter valued at $234,773,000. Schonfeld Strategic Advisors LLC raised its position in shares of iShares Ethereum Trust ETF by 141.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock worth $337,554,000 after buying an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. purchased a new position in iShares Ethereum Trust ETF during the fourth quarter worth about $86,824,000. Capula Management Ltd increased its stake in iShares Ethereum Trust ETF by 195.5% in the 2nd quarter. Capula Management Ltd now owns 5,354,800 shares of the company’s stock worth $102,116,000 after acquiring an additional 3,542,508 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of iShares Ethereum Trust ETF by 182.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock valued at $81,503,000 after acquiring an additional 2,347,070 shares during 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.