Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Short Interest Update

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,699 shares, an increase of 857.1% from the August 15th total of 282 shares. Based on an average daily volume of 78,830 shares, the days-to-cover ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Performance

Grayscale Ethereum Classic Trust (ETC) stock traded up $0.08 during mid-day trading on Friday, reaching $4.18. The company had a trading volume of 39,240 shares, compared to its average volume of 33,131. Grayscale Ethereum Classic Trust has a fifty-two week low of $3.05 and a fifty-two week high of $11.51. The business has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $4.13.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.