Short Interest in VanEck Ethereum ETF (BATS:ETHV) Grows By 111.5%

VanEck Ethereum ETF (BATS:ETHV) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 40,267 shares, a growth of 111.5% from the July 30th total of 19,040 shares. Based on an average daily volume of 36,297 shares, the short-interest ratio is currently 1.1 days. Currently, 1.2% of the shares of the company are short sold.

VanEck Ethereum ETF Stock Performance

BATS:ETHV opened at $35.62 on Friday. VanEck Ethereum ETF has a 52-week low of $22.40 and a 52-week high of $69.72. The stock’s 50 day moving average price is $27.88 and its 200 day moving average price is $29.51.

Institutional Trading of VanEck Ethereum ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd boosted its stake in VanEck Ethereum ETF by 2,130.2% during the 4th quarter. Quadrature Capital Ltd now owns 76,919 shares of the company’s stock worth $3,341,000 after purchasing an additional 73,470 shares during the period. Quadcap Wealth Management LLC boosted its stake in shares of VanEck Ethereum ETF by 14.6% during the first quarter. Quadcap Wealth Management LLC now owns 58,604 shares of the company’s stock worth $1,796,000 after buying an additional 7,473 shares during the period. Virtu Financial LLC acquired a new stake in shares of VanEck Ethereum ETF during the third quarter worth about $3,455,000. Meitav Investment House Ltd. grew its holdings in shares of VanEck Ethereum ETF by 10.9% during the first quarter. Meitav Investment House Ltd. now owns 27,397 shares of the company’s stock worth $840,000 after buying an additional 2,684 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in VanEck Ethereum ETF by 196.6% in the 4th quarter. Larson Financial Group LLC now owns 24,636 shares of the company’s stock valued at $1,070,000 after acquiring an additional 16,331 shares during the period.

About VanEck Ethereum ETF

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.