Short Interest in Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Grows By 153.3%

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,121,474 shares, an increase of 153.3% from the April 15th total of 1,232,189 shares. Based on an average trading volume of 2,575,741 shares, the short-interest ratio is currently 1.2 days. Approximately 3.0% of the shares of the stock are short sold.

Grayscale Ethereum Trust ETF Price Performance

Shares of Grayscale Ethereum Trust ETF stock traded down $0.60 during trading on Friday, hitting $18.02. 2,890,105 shares of the company’s stock traded hands, compared to its average volume of 4,898,966. The firm’s fifty day moving average price is $17.97 and its 200 day moving average price is $21.56. The company has a market cap of $1.90 billion, a PE ratio of 2.06 and a beta of 2.73. Grayscale Ethereum Trust ETF has a twelve month low of $14.71 and a twelve month high of $40.13.

Hedge Funds Weigh In On Grayscale Ethereum Trust ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETHE. Ankerstar Wealth LLC acquired a new position in Grayscale Ethereum Trust ETF in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new position in Grayscale Ethereum Trust ETF in the fourth quarter worth $26,000. Nvwm LLC boosted its stake in Grayscale Ethereum Trust ETF by 500.0% in the fourth quarter. Nvwm LLC now owns 1,200 shares of the company’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Dunhill Financial LLC acquired a new position in Grayscale Ethereum Trust ETF in the third quarter worth $31,000. Finally, Ameritas Advisory Services LLC acquired a new position in Grayscale Ethereum Trust ETF in the third quarter worth $34,000.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.