iShares Ethereum Trust ETF (NASDAQ:ETHA) Short Interest Down 57.3% in March

iShares Ethereum Trust ETF (NASDAQ:ETHA) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 7,132,577 shares, a decrease of 57.3% from the February 26th total of 16,701,745 shares. Based on an average trading volume of 41,070,297 shares, the short-interest ratio is presently 0.2 days. Currently, 4.0% of the company’s stock are sold short.

iShares Ethereum Trust ETF Trading Down 4.7%

ETHA stock opened at $15.64 on Thursday. The stock has a 50-day moving average price of $17.32 and a two-hundred day moving average price of $23.62. iShares Ethereum Trust ETF has a 1 year low of $10.99 and a 1 year high of $36.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ETHA. Galaxy Group Investments LLC increased its stake in iShares Ethereum Trust ETF by 158.9% in the fourth quarter. Galaxy Group Investments LLC now owns 555,890 shares of the company’s stock valued at $12,469,000 after acquiring an additional 1,500,000 shares during the last quarter. Purpose Unlimited Inc. bought a new position in shares of iShares Ethereum Trust ETF during the 4th quarter worth approximately $156,000. ARP Global Capital Ltd purchased a new position in shares of iShares Ethereum Trust ETF in the 4th quarter worth approximately $10,766,000. Corient Private Wealth LLC grew its holdings in shares of iShares Ethereum Trust ETF by 35.5% in the fourth quarter. Corient Private Wealth LLC now owns 64,389 shares of the company’s stock valued at $1,444,000 after acquiring an additional 16,857 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares Ethereum Trust ETF in the fourth quarter valued at approximately $631,000.

About iShares Ethereum Trust ETF

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.