Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 322,347 shares, a growth of 109.2% from the June 30th total of 154,055 shares. Based on an average daily volume of 796,073 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Bitwise Ethereum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Bitwise Ethereum ETF by 541.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,194 shares of the company’s stock worth $25,000 after purchasing an additional 1,008 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Bitwise Ethereum ETF in the fourth quarter valued at approximately $32,000. Lodestone Wealth Management LLC purchased a new position in shares of Bitwise Ethereum ETF in the 4th quarter valued at $37,000. Sankala Group LLC acquired a new stake in shares of Bitwise Ethereum ETF during the fourth quarter worth about $55,000. Finally, Center for Financial Planning Inc. purchased a new stake in Bitwise Ethereum ETF in the first quarter valued at approximately $39,000.

Bitwise Ethereum ETF Stock Performance

Shares of ETHW stock traded down $0.19 on Tuesday, reaching $13.74. 1,310,270 shares of the stock were exchanged, compared to its average volume of 1,237,827. The business’s 50 day moving average price is $12.98 and its 200 day moving average price is $15.38. Bitwise Ethereum ETF has a twelve month low of $10.93 and a twelve month high of $34.84.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.