Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Stock Short Interest Jumps 440.4%

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 719,229 shares, an increase of 440.4% from the September 15th total of 133,094 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 721,435 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Grayscale Chainlink Trust ETF

An institutional investor recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC boosted its stake in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,242 shares of the company’s stock after purchasing an additional 34,865 shares during the quarter. MOR Wealth Management LLC owned 0.82% of Grayscale Chainlink Trust ETF worth $546,000 at the end of the most recent quarter.

Grayscale Chainlink Trust ETF Stock Up 1.9%

Shares of GLNK stock traded up $0.21 during trading hours on Friday, reaching $11.28. 609,995 shares of the company’s stock were exchanged, compared to its average volume of 295,750. Grayscale Chainlink Trust ETF has a fifty-two week low of $6.25 and a fifty-two week high of $36.00. The business has a fifty day moving average price of $10.13 and a 200-day moving average price of $8.53.

Grayscale Chainlink Trust ETF (NYSE Arca: GLNK) is an exchange-traded investment product sponsored by Grayscale Investments. Rather than operating as a conventional company, the trust is designed to provide investors with exposure to Chainlink (LINK), the digital asset associated with the Chainlink decentralized oracle network.

The trust’s principal activity is holding LINK and issuing shares that are intended to represent an interest in the underlying assets. Chainlink’s network is designed to connect blockchain-based smart contracts with external data, events and systems, supporting applications in areas such as decentralized finance, insurance, gaming and other blockchain services.