2x Ether ETF (BATS:ETHU) Sees Significant Decrease in Short Interest

2x Ether ETF (BATS:ETHU) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,994,388 shares, a decline of 39.4% from the August 31st total of 6,592,494 shares. Based on an average daily volume of 8,343,380 shares, the short-interest ratio is presently 0.5 days. Approximately 21.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On 2x Ether ETF

A hedge fund recently raised its position in 2x Ether ETF stock. Parallel Advisors LLC boosted its holdings in shares of 2x Ether ETF (BATS:ETHU) by 78.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the company’s stock after purchasing an additional 1,080 shares during the period. Parallel Advisors LLC’s holdings in 2x Ether ETF were worth $55,000 at the end of the most recent reporting period.

2x Ether ETF Stock Down 2.6%

Shares of 2x Ether ETF stock opened at $29.81 on Friday. 2x Ether ETF has a 52-week low of $10.72 and a 52-week high of $169.45. The company has a fifty day moving average of $23.51 and a 200-day moving average of $21.26.

About 2x Ether ETF

The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.