VanEck Ethereum ETF (BATS:ETHV) Shares Shorted: Short Interest Up 89.3% in September

VanEck Ethereum ETF (BATS:ETHV) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 55,322 shares, a growth of 89.3% from the August 31st total of 29,222 shares. Based on an average trading volume of 100,322 shares, the short-interest ratio is currently 0.6 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC increased its position in VanEck Ethereum ETF by 14.6% in the first quarter. Quadcap Wealth Management LLC now owns 58,604 shares of the company’s stock worth $1,796,000 after buying an additional 7,473 shares during the period. Meitav Investment House Ltd. boosted its holdings in shares of VanEck Ethereum ETF by 10.9% during the first quarter. Meitav Investment House Ltd. now owns 27,397 shares of the company’s stock valued at $840,000 after acquiring an additional 2,684 shares during the period. Darwin Wealth Management LLC bought a new position in shares of VanEck Ethereum ETF during the first quarter worth about $447,000. IMC Chicago LLC acquired a new stake in shares of VanEck Ethereum ETF in the 1st quarter worth about $302,000. Finally, Kestra Advisory Services LLC increased 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 worth $265,000 after acquiring an additional 1,913 shares during the period.

VanEck Ethereum ETF Stock Up 0.6%

BATS:ETHV opened at $39.26 on Wednesday. The stock has a 50 day moving average of $33.07 and a 200-day moving average of $30.74. VanEck Ethereum ETF has a 52 week low of $22.40 and a 52 week high of $69.72.

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.