VanEck Ethereum ETF (BATS:ETHV – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 55,322 shares, a growth of 89.3% from the August 31st total of 29,222 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 100,322 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in VanEck Ethereum ETF during the second quarter worth about $43,000. Tucker Asset Management LLC bought a new position in VanEck Ethereum ETF during the second quarter valued at approximately $43,000. Hilltop Holdings Inc. purchased a new position in VanEck Ethereum ETF in the 1st quarter worth $222,000. rebel Financial LLC bought a new position in shares of VanEck Ethereum ETF during the first quarter valued at about $258,000. Finally, Kestra Advisory Services LLC grew its stake in shares of VanEck Ethereum ETF by 28.5% during the first quarter. Kestra Advisory Services LLC now owns 8,632 shares of the company’s stock valued at $265,000 after buying an additional 1,913 shares during the last quarter.
VanEck Ethereum ETF Stock Performance
VanEck Ethereum ETF stock opened at $39.03 on Tuesday. VanEck Ethereum ETF has a fifty-two week low of $22.40 and a fifty-two week high of $69.72. The firm’s fifty day moving average price is $32.85 and its 200-day moving average price is $30.68.
VanEck Ethereum ETF Company Profile
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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