iShares Ethereum Trust ETF (NASDAQ:ETHA) Sees Large Increase in Short Interest

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 13,452,690 shares, an increase of 37.0% from the December 15th total of 9,822,189 shares. Based on an average daily volume of 33,775,413 shares, the days-to-cover ratio is presently 0.4 days. Approximately 7.5% of the company’s stock are short sold. Approximately 7.5% of the company’s stock are short sold. Based on an average daily volume of 33,775,413 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of iShares Ethereum Trust ETF in the 4th quarter worth about $94,000. NewEdge Advisors LLC bought a new stake in iShares Ethereum Trust ETF in the first quarter worth about $174,000. Parallel Advisors LLC boosted its stake in iShares Ethereum Trust ETF by 58.5% in the second quarter. Parallel Advisors LLC now owns 14,372 shares of the company’s stock valued at $274,000 after acquiring an additional 5,305 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of iShares Ethereum Trust ETF during the 2nd quarter valued at approximately $680,000. Finally, Farther Finance Advisors LLC increased its position in iShares Ethereum Trust ETF by 250.5% in the second quarter. Farther Finance Advisors LLC now owns 16,855 shares of the company’s stock worth $321,000 after buying an additional 12,046 shares during the last quarter.

iShares Ethereum Trust ETF Price Performance

Shares of NASDAQ ETHA traded up $0.05 during midday trading on Friday, reaching $24.88. The company’s stock had a trading volume of 28,958,231 shares, compared to its average volume of 38,844,113. The firm has a 50 day moving average price of $23.24 and a 200-day moving average price of $27.61. iShares Ethereum Trust ETF has a 12-month low of $10.99 and a 12-month high of $36.80.

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.