2x Ether ETF (BATS:ETHU) Stock Short Interest Declines 39.4%

2x Ether ETF (BATS:ETHU) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,994,388 shares, a decrease of 39.4% from the August 31st total of 6,592,494 shares. Currently, 21.5% of the shares of the company are short sold. Based on an average daily trading volume, of 8,343,380 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On 2x Ether ETF

A hedge fund recently raised its stake in 2x Ether ETF stock. Parallel Advisors LLC lifted its holdings in 2x Ether ETF (BATS:ETHU) by 78.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,450 shares of the company’s stock after buying an additional 1,080 shares during the quarter. Parallel Advisors LLC’s holdings in 2x Ether ETF were worth $55,000 as of its most recent SEC filing.

2x Ether ETF Stock Up 2.3%

Shares of BATS:ETHU opened at $30.62 on Friday. The firm’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $21.20. 2x Ether ETF has a fifty-two week low of $10.72 and a fifty-two week high of $169.45.

About 2x Ether ETF

The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.