Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Decrease in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 232 shares, a decrease of 56.4% from the May 14th total of 532 shares. Based on an average daily volume of 37,870 shares, the days-to-cover ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Trading Down 1.3%

ETCG opened at $3.98 on Friday. The company has a 50 day moving average of $4.35 and a two-hundred day moving average of $5.36. Grayscale Ethereum Classic Trust has a 52-week low of $3.55 and a 52-week high of $12.79.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.