iShares Ethereum Trust ETF (NASDAQ:ETHA) Short Interest Down 34.2% in January

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 14,909,655 shares, a drop of 34.2% from the January 15th total of 22,642,115 shares. Based on an average daily trading volume, of 41,658,477 shares, the short-interest ratio is currently 0.4 days. Currently, 8.3% of the shares of the stock are sold short. Currently, 8.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,658,477 shares, the short-interest ratio is currently 0.4 days.

iShares Ethereum Trust ETF Stock Performance

ETHA traded up $0.99 during midday trading on Friday, hitting $15.45. 40,759,874 shares of the company traded hands, compared to its average volume of 48,740,363. The business has a 50 day simple moving average of $21.56 and a two-hundred day simple moving average of $26.82. iShares Ethereum Trust ETF has a 52-week low of $10.99 and a 52-week high of $36.80.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several institutional investors have recently bought and sold shares of the company. Colonial Trust Advisors acquired a new position in shares of iShares Ethereum Trust ETF during the fourth quarter valued at approximately $25,000. Private Wealth Management Group LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in iShares Ethereum Trust ETF in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC purchased a new position in iShares Ethereum Trust ETF in the 4th quarter valued at $26,000. Finally, Activest Wealth Management lifted 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 valued at $27,000 after purchasing an additional 619 shares in the last quarter.

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.