Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Up 160.2% in September

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 406,900 shares, an increase of 160.2% from the August 31st total of 156,400 shares. Based on an average daily volume of 1,181,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,181,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Bitwise Ethereum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management raised its stake in Bitwise Ethereum ETF by 7.6% during the 2nd quarter. Brookstone Capital Management now owns 11,620 shares of the company’s stock valued at $210,000 after buying an additional 820 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of Bitwise Ethereum ETF by 13.5% in the first quarter. Clear Creek Financial Management LLC now owns 14,223 shares of the company’s stock worth $187,000 after acquiring an additional 1,690 shares during the period. OxenFree Capital LLC increased its position in Bitwise Ethereum ETF by 20.3% during the first quarter. OxenFree Capital LLC now owns 13,889 shares of the company’s stock valued at $182,000 after acquiring an additional 2,347 shares during the last quarter. Jane Street Group LLC lifted its holdings in Bitwise Ethereum ETF by 2.0% in the first 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. Finally, Highline Wealth Partners LLC lifted its holdings in Bitwise Ethereum ETF by 8.0% in the second quarter. Highline Wealth Partners LLC now owns 35,182 shares of the company’s stock valued at $635,000 after acquiring an additional 2,605 shares during the period.

Bitwise Ethereum ETF Stock Up 0.6%

Shares of NYSEARCA ETHW opened at $32.43 on Friday. The firm’s 50-day moving average price is $30.47 and its 200-day moving average price is $21.56. Bitwise Ethereum ETF has a 52-week low of $10.42 and a 52-week high of $34.84.

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.