VanEck Ethereum ETF (BATS:ETHV – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 13,333 shares, a drop of 66.9% from the June 30th total of 40,314 shares. Based on an average trading volume of 37,224 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.
VanEck Ethereum ETF Stock Performance
ETHV opened at $28.46 on Tuesday. VanEck Ethereum ETF has a 1-year low of $22.40 and a 1-year high of $71.17. The business has a 50 day moving average price of $26.51 and a two-hundred day moving average price of $31.41.
Institutional Trading of VanEck Ethereum ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cedar Wealth Management LLC acquired a new stake in shares of VanEck Ethereum ETF in the fourth quarter valued at $26,000. Quattro Advisors LLC bought a new stake in VanEck Ethereum ETF in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. bought a new stake in VanEck Ethereum ETF in the third quarter worth about $56,000. Revisor Wealth Management LLC lifted its holdings in VanEck Ethereum ETF by 21.6% in the 4th quarter. Revisor Wealth Management LLC now owns 5,718 shares of the company’s stock valued at $246,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in VanEck Ethereum ETF by 19.8% in the 4th quarter. Brookstone Capital Management now owns 7,520 shares of the company’s stock valued at $327,000 after acquiring an additional 1,244 shares during the last quarter.
VanEck Ethereum ETF Company Profile
The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.
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