Bitwise Ethereum ETF (NYSEARCA:ETHW) Shares Shorted: Short Interest Up 108.3% in September

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 175,202 shares, an increase of 108.3% from the September 15th total of 84,101 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 605,876 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Bitwise Ethereum ETF

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Bitwise Ethereum ETF by 81.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,164 shares of the company’s stock worth $32,000 after acquiring an additional 970 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Bitwise Ethereum ETF by 31.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,472 shares of the company’s stock valued at $47,000 after acquiring an additional 589 shares in the last quarter. Sankala Group LLC bought a new stake in Bitwise Ethereum ETF in the 4th quarter valued at $55,000. Center for Financial Planning Inc. acquired a new position in Bitwise Ethereum ETF in the 1st quarter worth $39,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Bitwise Ethereum ETF in the 2nd quarter worth $58,000.

Bitwise Ethereum ETF Trading Down 0.6%

NYSEARCA:ETHW opened at $17.90 on Wednesday. Bitwise Ethereum ETF has a fifty-two week low of $10.93 and a fifty-two week high of $30.34. The business’s 50-day simple moving average is $17.19 and its 200-day simple moving average is $15.26.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.