Short Interest in VanEck Ethereum ETF (BATS:ETHV) Drops By 51.8%

VanEck Ethereum ETF (BATS:ETHV) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 34,962 shares, a decrease of 51.8% from the April 30th total of 72,517 shares. Based on an average daily volume of 74,404 shares, the short-interest ratio is currently 0.5 days. Currently, 1.1% of the shares of the stock are short sold.

VanEck Ethereum ETF Price Performance

ETHV opened at $27.90 on Wednesday. The firm has a 50-day simple moving average of $32.15 and a two-hundred day simple moving average of $36.70. VanEck Ethereum ETF has a 52 week low of $26.43 and a 52 week high of $71.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in shares of VanEck Ethereum ETF by 196.6% in the 4th quarter. Larson Financial Group LLC now owns 24,636 shares of the company’s stock valued at $1,070,000 after acquiring an additional 16,331 shares during the last quarter. IMC Chicago LLC bought a new position in shares of VanEck Ethereum ETF in the 3rd quarter valued at about $3,361,000. Hunting Hill Global Capital LLC bought a new position in shares of VanEck Ethereum ETF in the 3rd quarter valued at about $2,768,000. Quattro Advisors LLC bought a new position in shares of VanEck Ethereum ETF in the 4th quarter valued at about $31,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of VanEck Ethereum ETF by 28.5% in the 1st quarter. Kestra Advisory Services LLC now owns 8,632 shares of the company’s stock valued at $265,000 after acquiring an additional 1,913 shares during the last quarter.

About VanEck Ethereum ETF

The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.