VanEck Ethereum ETF (BATS:ETHV) Short Interest Update

VanEck Ethereum ETF (BATS:ETHV) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 55,322 shares, an increase of 89.3% from the August 31st total of 29,222 shares. Based on an average daily volume of 100,322 shares, the short-interest ratio is presently 0.6 days. Approximately 1.7% of the shares of the stock are short sold.

VanEck Ethereum ETF Stock Performance

ETHV opened at $39.03 on Tuesday. The company has a fifty day moving average price of $32.85 and a 200-day moving average price of $30.68. VanEck Ethereum ETF has a one year low of $22.40 and a one year high of $69.72.

Institutional Investors Weigh In On VanEck Ethereum ETF

Large investors have recently added to or reduced their stakes in the business. Quadcap Wealth Management LLC raised its holdings in shares of VanEck Ethereum ETF by 14.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 58,604 shares of the company’s stock valued at $1,796,000 after acquiring an additional 7,473 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of VanEck Ethereum ETF by 10.9% during the 1st quarter. Meitav Investment House Ltd. now owns 27,397 shares of the company’s stock valued at $840,000 after acquiring an additional 2,684 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of VanEck Ethereum ETF during the first quarter worth about $447,000. IMC Chicago LLC purchased a new position in shares of VanEck Ethereum ETF during the first quarter worth about $302,000. Finally, Kestra Advisory Services LLC increased its position in shares of VanEck Ethereum ETF by 28.5% in the first quarter. Kestra Advisory Services LLC now owns 8,632 shares of the company’s stock worth $265,000 after purchasing an additional 1,913 shares during the last quarter.

About VanEck Ethereum ETF

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.