iShares Ethereum Trust ETF (NASDAQ:ETHA – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 11,853,862 shares, a decline of 55.7% from the September 30th total of 26,735,043 shares. Currently, 8.1% of the shares of the company are sold short. Based on an average daily volume of 11,758,642 shares, the days-to-cover ratio is currently 1.0 days.
iShares Ethereum Trust ETF Stock Down 4.5%
ETHA stock traded down $2.36 during trading on Friday, hitting $50.42. 12,636,979 shares of the company’s stock traded hands, compared to its average volume of 11,949,246. iShares Ethereum Trust ETF has a 52 week low of $34.57 and a 52 week high of $88.59. The stock has a fifty day moving average price of $56.70 and a two-hundred day moving average price of $49.81.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in shares of iShares Ethereum Trust ETF in the third quarter worth $29,000. Ball & Co Wealth Management Inc. acquired a new position in shares of iShares Ethereum Trust ETF during the first quarter valued at $41,000. Operose Advisors LLC acquired a new position in shares of iShares Ethereum Trust ETF during the second quarter valued at $39,000. Castle Rock Wealth Management LLC bought a new stake in shares of iShares Ethereum Trust ETF during the third quarter valued at about $76,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of iShares Ethereum Trust ETF during the third quarter valued at about $216,000.
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.
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