Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Large Drop in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 282 shares, a decline of 73.5% from the July 30th total of 1,064 shares. Based on an average trading volume of 29,857 shares, the days-to-cover ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Price Performance

OTCMKTS ETCG traded down $0.19 during trading hours on Friday, reaching $3.60. The stock had a trading volume of 33,234 shares, compared to its average volume of 33,151. Grayscale Ethereum Classic Trust has a 52-week low of $3.05 and a 52-week high of $11.98. The stock has a fifty day moving average of $3.67 and a 200 day moving average of $4.18.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.