iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Shorted: Short Interest Down 55.7% in October

by · The Cerbat Gem

iShares Ethereum Trust ETF (NASDAQ:ETHA – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 11,853,862 shares, a decrease of 55.7% from the September 30th total of 26,735,043 shares. Currently, 8.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,758,642 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Group Ltd increased its stake in shares of iShares Ethereum Trust ETF by 4.5% in the third quarter. Wealth Group Ltd now owns 11,784 shares of the company’s stock worth $237,000 after buying an additional 503 shares during the period. Proathlete Wealth Management LLC boosted its position in iShares Ethereum Trust ETF by 13.0% during the 1st quarter. Proathlete Wealth Management LLC now owns 5,960 shares of the company’s stock valued at $94,000 after buying an additional 687 shares during the period. Cardiff Park Advisors LLC grew its holdings in iShares Ethereum Trust ETF by 7.1% in the 1st quarter. Cardiff Park Advisors LLC now owns 10,707 shares of the company’s stock worth $169,000 after acquiring an additional 707 shares during the last quarter. Compass Financial Management LLC grew its holdings in iShares Ethereum Trust ETF by 1.6% in the 3rd quarter. Compass Financial Management LLC now owns 45,150 shares of the company’s stock worth $908,000 after acquiring an additional 725 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in iShares Ethereum Trust ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 67,492 shares of the company’s stock worth $1,068,000 after acquiring an additional 930 shares during the last quarter.

iShares Ethereum Trust ETF Stock Down 4.5%

NASDAQ ETHA traded down $2.36 on Friday, reaching $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 12 month low of $34.57 and a 12 month high of $88.59. The stock has a 50-day simple moving average of $56.70 and a 200 day simple moving average of $49.81.

About iShares Ethereum Trust ETF

(Get Free Report)

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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