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

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 22,642,115 shares, a growth of 68.3% from the December 31st total of 13,452,690 shares. Approximately 12.5% of the company’s stock are short sold. Based on an average daily trading volume, of 39,224,685 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 39,224,685 shares, the days-to-cover ratio is presently 0.6 days. Approximately 12.5% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

A number of hedge funds have recently bought and sold shares of ETHA. Private Wealth Management Group LLC purchased a new stake in iShares Ethereum Trust ETF in the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in iShares Ethereum Trust ETF during the third quarter valued at approximately $26,000. Activest Wealth Management boosted its holdings in iShares Ethereum Trust ETF by 252.7% in the 3rd quarter. Activest Wealth Management now owns 864 shares of the company’s stock worth $27,000 after buying an additional 619 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in iShares Ethereum Trust ETF in the 3rd quarter worth approximately $28,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of iShares Ethereum Trust ETF during the third quarter worth $31,000.

iShares Ethereum Trust ETF Price Performance

Shares of ETHA stock traded down $0.94 during trading hours on Friday, hitting $20.17. 49,704,429 shares of the company’s stock traded hands, compared to its average volume of 41,083,898. iShares Ethereum Trust ETF has a 12-month low of $10.99 and a 12-month high of $36.80. The stock’s fifty day simple moving average is $22.97 and its two-hundred day simple moving average is $27.63.

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.