Short Interest in Bitwise Ethereum ETF (NYSEARCA:ETHW) Grows By 109.2%

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 322,347 shares, an increase of 109.2% from the June 30th total of 154,055 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 796,073 shares, the days-to-cover ratio is presently 0.4 days.

Bitwise Ethereum ETF Stock Up 1.9%

Shares of NYSEARCA:ETHW traded up $0.26 during trading on Thursday, hitting $13.76. 761,906 shares of the company were exchanged, compared to its average volume of 1,235,036. Bitwise Ethereum ETF has a fifty-two week low of $10.93 and a fifty-two week high of $34.84. The firm has a fifty day moving average price of $12.89 and a two-hundred day moving average price of $15.20.

Hedge Funds Weigh In On Bitwise Ethereum ETF

A number of institutional investors have recently added to or reduced their stakes in ETHW. EverSource Wealth Advisors LLC raised its position in Bitwise Ethereum ETF by 541.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,194 shares of the company’s stock worth $25,000 after acquiring an additional 1,008 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Bitwise Ethereum ETF in the 4th quarter valued at about $32,000. Lodestone Wealth Management LLC acquired a new position in shares of Bitwise Ethereum ETF during the 4th quarter worth about $37,000. Center for Financial Planning Inc. acquired a new position in shares of Bitwise Ethereum ETF during the 1st quarter worth about $39,000. Finally, Sankala Group LLC bought a new stake in shares of Bitwise Ethereum ETF in the 4th quarter valued at about $55,000.

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.