Bitwise Ethereum ETF (NYSEARCA:ETHW – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 480,997 shares, a growth of 100.3% from the April 30th total of 240,137 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 708,594 shares, the short-interest ratio is presently 0.7 days.
Bitwise Ethereum ETF Stock Performance
ETHW opened at $13.67 on Wednesday. The company’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $17.96. Bitwise Ethereum ETF has a 52-week low of $12.91 and a 52-week high of $34.84.
Hedge Funds Weigh In On Bitwise Ethereum ETF
Several hedge funds and other institutional investors have recently bought and sold shares of ETHW. Jane Street Group LLC lifted its stake in Bitwise Ethereum ETF by 2.0% during the 1st quarter. Jane Street Group LLC now owns 120,255 shares of the company’s stock valued at $1,578,000 after acquiring an additional 2,393 shares during the period. Betterment LLC lifted its stake in Bitwise Ethereum ETF by 103.0% during the 2nd quarter. Betterment LLC now owns 126,054 shares of the company’s stock valued at $2,277,000 after acquiring an additional 63,964 shares during the period. Orion Porfolio Solutions LLC bought a new position in Bitwise Ethereum ETF during the 2nd quarter valued at about $384,000. Osaic Holdings Inc. bought a new position in Bitwise Ethereum ETF during the 2nd quarter valued at about $66,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Bitwise Ethereum ETF during the 3rd quarter valued at about $444,000.
About Bitwise Ethereum ETF
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.
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