Bitwise Ethereum ETF (NYSEARCA:ETHW) Sees Large Growth in Short Interest

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 175,202 shares, a growth of 108.3% from the September 15th total of 84,101 shares. Based on an average trading volume of 605,876 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Trading of Bitwise Ethereum ETF

A number of institutional investors have recently made changes to their positions in the stock. Beam Wealth Advisors Inc. increased its stake in shares of Bitwise Ethereum ETF by 10.9% during the first quarter. Beam Wealth Advisors Inc. now owns 216,676 shares of the company’s stock valued at $3,250,000 after purchasing an additional 21,259 shares in the last quarter. Lido Advisors LLC purchased a new position in shares of Bitwise Ethereum ETF during the 1st quarter worth $1,070,000. Unique Wealth LLC grew its stake in shares of Bitwise Ethereum ETF by 16.2% during the 1st quarter. Unique Wealth LLC now owns 60,286 shares of the company’s stock valued at $904,000 after acquiring an additional 8,389 shares during the period. Meitav Investment House Ltd. lifted its stake in shares of Bitwise Ethereum ETF by 10.9% during the 1st quarter. Meitav Investment House Ltd. now owns 56,007 shares of the company’s stock valued at $840,000 after buying an additional 5,517 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in Bitwise Ethereum ETF by 58.3% during the 2nd quarter. RFG Advisory LLC now owns 58,436 shares of the company’s stock valued at $659,000 after purchasing an additional 21,527 shares during the period.

Bitwise Ethereum ETF Trading Up 0.1%

Shares of Bitwise Ethereum ETF stock traded up $0.03 during trading on Thursday, hitting $17.37. The stock had a trading volume of 323,955 shares, compared to its average volume of 1,112,239. The business’s 50-day moving average is $17.26 and its 200 day moving average is $15.28. Bitwise Ethereum ETF has a 12 month low of $10.93 and a 12 month high of $30.34.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.