Short Interest in Bitwise Ethereum ETF (NYSEARCA:ETHW) Decreases By 66.1%

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 109,377 shares, a drop of 66.1% from the July 15th total of 322,347 shares. Based on an average trading volume of 964,847 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the shares of the stock are short sold.

Bitwise Ethereum ETF Price Performance

Shares of Bitwise Ethereum ETF stock traded down $0.05 on Friday, hitting $13.44. The company’s stock had a trading volume of 383,029 shares, compared to its average volume of 1,201,197. Bitwise Ethereum ETF has a 1 year low of $10.93 and a 1 year high of $34.84. The firm has a fifty day moving average price of $12.80 and a 200-day moving average price of $14.55.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Betterment LLC lifted its position in shares of Bitwise Ethereum ETF by 0.6% during the 4th quarter. Betterment LLC now owns 124,386 shares of the company’s stock valued at $2,646,000 after buying an additional 747 shares in the last quarter. MML Investors Services LLC increased its holdings in Bitwise Ethereum ETF by 5.0% in the 4th quarter. MML Investors Services LLC now owns 16,622 shares of the company’s stock worth $354,000 after acquiring an additional 785 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Bitwise Ethereum ETF by 81.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,164 shares of the company’s stock worth $32,000 after acquiring an additional 970 shares in the last quarter. CreativeOne Wealth LLC raised its position in Bitwise Ethereum ETF by 14.2% during the third quarter. CreativeOne Wealth LLC now owns 12,444 shares of the company’s stock worth $371,000 after acquiring an additional 1,549 shares during the period. Finally, CWM LLC raised its position in Bitwise Ethereum ETF by 166.7% during the fourth quarter. CWM LLC now owns 2,806 shares of the company’s stock worth $60,000 after acquiring an additional 1,754 shares during the period.

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.