Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Short Interest Update

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,828,545 shares, an increase of 120.2% from the August 15th total of 1,284,349 shares. Based on an average daily volume of 4,420,152 shares, the short-interest ratio is presently 0.6 days. Currently, 3.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ETH. Van Hulzen Asset Management LLC lifted its holdings in shares of Grayscale Ethereum Mini Trust ETF by 2.8% during the second quarter. Van Hulzen Asset Management LLC now owns 36,067 shares of the company’s stock valued at $542,000 after acquiring an additional 976 shares during the period. Lotus Asset Management LLC bought a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 2nd quarter worth about $199,000. IFP Advisors Inc increased its position in shares of Grayscale Ethereum Mini Trust ETF by 40.0% during the 2nd quarter. IFP Advisors Inc now owns 12,340 shares of the company’s stock worth $185,000 after purchasing an additional 3,526 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF during the 2nd quarter worth about $183,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF during the 2nd quarter worth about $171,000. 77.84% of the stock is currently owned by institutional investors and hedge funds.

Grayscale Ethereum Mini Trust ETF Trading Down 4.9%

Shares of ETH opened at $23.05 on Wednesday. The stock has a market cap of $2.21 billion, a PE ratio of 9.77 and a beta of 2.61. Grayscale Ethereum Mini Trust ETF has a 1 year low of $14.53 and a 1 year high of $44.84. The stock has a 50 day simple moving average of $20.05 and a 200-day simple moving average of $19.59.

Grayscale Ethereum Mini Trust ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, September 3rd were given a $0.0348 dividend. The ex-dividend date was Thursday, September 3rd. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio is 42.37%.

About Grayscale Ethereum Mini Trust ETF

The Grayscale Ethereum Mini Trust ETF (ETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETH was launched on Apr 23, 2024 and is issued by Grayscale.