Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 322,347 shares, an increase of 109.2% from the June 30th total of 154,055 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 796,073 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Bitwise Ethereum ETF by 541.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,194 shares of the company’s stock worth $25,000 after purchasing an additional 1,008 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Bitwise Ethereum ETF during the fourth quarter worth about $32,000. Lodestone Wealth Management LLC acquired a new position in shares of Bitwise Ethereum ETF during the fourth quarter worth about $37,000. Center for Financial Planning Inc. purchased a new stake in shares of Bitwise Ethereum ETF during the first quarter worth approximately $39,000. Finally, Sankala Group LLC acquired a new stake in Bitwise Ethereum ETF in the fourth quarter valued at approximately $55,000.

Bitwise Ethereum ETF Stock Performance

Shares of NYSEARCA:ETHW traded down $0.19 during trading on Tuesday, hitting $13.74. The company’s stock had a trading volume of 1,310,270 shares, compared to its average volume of 1,237,827. The business has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $15.38. Bitwise Ethereum ETF has a fifty-two week low of $10.93 and a fifty-two week high of $34.84.

About Bitwise Ethereum ETF

The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.