iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Shorted: Short Interest Down 55.7% in October

iShares Ethereum Trust ETF (NASDAQ:ETHA) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 11,853,862 shares, a decrease of 55.7% from the September 30th total of 26,735,043 shares. Based on an average daily trading volume, of 11,758,642 shares, the short-interest ratio is currently 1.0 days. Approximately 8.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in iShares Ethereum Trust ETF in the third quarter worth $29,000. Ball & Co Wealth Management Inc. purchased a new position in iShares Ethereum Trust ETF during the first quarter valued at $41,000. Operose Advisors LLC purchased a new position in iShares Ethereum Trust ETF during the second quarter valued at $39,000. Castle Rock Wealth Management LLC purchased a new position in iShares Ethereum Trust ETF during the third quarter valued at $76,000. Finally, Fortitude Financial LLC bought a new stake in shares of iShares Ethereum Trust ETF during the 3rd quarter valued at $113,000.

iShares Ethereum Trust ETF Stock Performance

ETHA traded down $2.36 on Friday, hitting $50.42. The company had a trading volume of 12,636,979 shares, compared to its average volume of 11,949,246. The stock has a fifty day simple moving average of $56.70 and a 200-day simple moving average of $49.81. iShares Ethereum Trust ETF has a 52-week low of $34.57 and a 52-week high of $88.59.

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.