Short Interest in iShares Ethereum Trust ETF (NASDAQ:ETHA) Drops By 21.6%

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 16,701,745 shares, a drop of 21.6% from the February 12th total of 21,305,091 shares. Based on an average daily trading volume, of 25,539,096 shares, the short-interest ratio is currently 0.7 days. Currently, 9.3% of the shares of the stock are sold short. Currently, 9.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,539,096 shares, the short-interest ratio is currently 0.7 days.

iShares Ethereum Trust ETF Price Performance

NASDAQ ETHA traded up $1.72 on Monday, hitting $17.61. The company had a trading volume of 55,818,867 shares, compared to its average volume of 44,440,531. The company’s fifty day moving average price is $18.52 and its 200-day moving average price is $24.48. iShares Ethereum Trust ETF has a 12-month low of $10.99 and a 12-month high of $36.80.

Institutional Trading of iShares Ethereum Trust ETF

A number of institutional investors and hedge funds have recently modified their holdings of ETHA. Inscription Capital LLC purchased a new position in shares of iShares Ethereum Trust ETF in the third quarter valued at approximately $952,000. Copperleaf Capital LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the third quarter worth approximately $648,000. Global Retirement Partners LLC raised its stake in iShares Ethereum Trust ETF by 57.6% in the 3rd quarter. Global Retirement Partners LLC now owns 109,269 shares of the company’s stock valued at $3,443,000 after purchasing an additional 39,955 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in iShares Ethereum Trust ETF in the 3rd quarter valued at $1,531,000. Finally, Cerity Partners LLC lifted its holdings in iShares Ethereum Trust ETF by 28.9% in the 3rd quarter. Cerity Partners LLC now owns 1,009,622 shares of the company’s stock valued at $31,813,000 after purchasing an additional 226,614 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.