Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the target of a significant growth in short interest during 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. Based on an average trading volume of 708,594 shares, the short-interest ratio is currently 0.7 days. Currently, 3.1% of the company’s stock are sold short.

Bitwise Ethereum ETF Stock Performance

Shares of ETHW traded down $0.65 during mid-day trading on Tuesday, hitting $13.67. 820,793 shares of the company traded hands, compared to its average volume of 1,380,878. The business has a 50 day moving average of $15.74 and a 200 day moving average of $17.96. Bitwise Ethereum ETF has a 1-year low of $12.91 and a 1-year high of $34.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWA Asset Management Group LLC acquired a new position in shares of Bitwise Ethereum ETF in the 4th quarter valued at $1,207,000. Clear Creek Financial Management LLC raised its stake in Bitwise Ethereum ETF by 30.1% in the 4th quarter. Clear Creek Financial Management LLC now owns 148,540 shares of the company’s stock worth $3,159,000 after acquiring an additional 34,338 shares during the last quarter. Hunting Hill Global Capital LLC acquired a new stake in Bitwise Ethereum ETF during the 3rd quarter worth about $7,340,000. RPO LLC purchased a new stake in Bitwise Ethereum ETF during the 3rd quarter valued at about $1,270,000. Finally, IMC Chicago LLC purchased a new stake in Bitwise Ethereum ETF during the 3rd quarter valued at about $2,749,000.

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.