Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Decline in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 282 shares, a decline of 73.5% from the July 30th total of 1,064 shares. Based on an average daily volume of 29,857 shares, the days-to-cover ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Down 4.1%

Shares of OTCMKTS ETCG opened at $3.62 on Thursday. Grayscale Ethereum Classic Trust has a 1-year low of $3.05 and a 1-year high of $11.98. The business has a 50-day moving average of $3.69 and a 200-day moving average of $4.19.

Grayscale Ethereum Classic Trust (ETC) Company Profile

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.