VanEck Ethereum ETF (BATS:ETHV – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 27,119 shares, a drop of 51.0% from the September 15th total of 55,322 shares. Based on an average trading volume of 62,199 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the company’s shares are short sold.
Institutional Investors Weigh In On VanEck Ethereum ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadcap Wealth Management LLC increased its position in VanEck Ethereum ETF by 14.6% during the first quarter. Quadcap Wealth Management LLC now owns 58,604 shares of the company’s stock worth $1,796,000 after purchasing an additional 7,473 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in VanEck Ethereum ETF by 10.9% in the 1st quarter. Meitav Investment House Ltd. now owns 27,397 shares of the company’s stock valued at $840,000 after purchasing an additional 2,684 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in VanEck Ethereum ETF in the 1st quarter valued at about $447,000. IMC Chicago LLC acquired a new position in VanEck Ethereum ETF in the 1st quarter valued at about $302,000. Finally, Kestra Advisory Services LLC boosted its holdings in VanEck Ethereum ETF by 28.5% in the 1st quarter. Kestra Advisory Services LLC now owns 8,632 shares of the company’s stock valued at $265,000 after purchasing an additional 1,913 shares during the last quarter.
VanEck Ethereum ETF Trading Down 0.5%
BATS ETHV opened at $36.62 on Wednesday. VanEck Ethereum ETF has a 52 week low of $22.40 and a 52 week high of $62.01. The business’s fifty day simple moving average is $35.12 and its 200-day simple moving average is $31.18.
About VanEck Ethereum ETF
The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.
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