Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Sees Large Increase in Short Interest

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 93,991 shares, a growth of 97.9% from the October 15th total of 47,486 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 459,769 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Grayscale Chainlink Trust ETF

A hedge fund recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC raised its position in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,242 shares of the company’s stock after purchasing an additional 34,865 shares during the quarter. MOR Wealth Management LLC owned about 0.82% of Grayscale Chainlink Trust ETF worth $546,000 as of its most recent SEC filing.

Grayscale Chainlink Trust ETF Stock Down 0.8%

Shares of NYSEARCA:GLNK traded down $0.07 during midday trading on Friday, reaching $8.82. The company had a trading volume of 214,137 shares, compared to its average volume of 312,737. The stock’s fifty day moving average price is $10.78 and its 200-day moving average price is $8.69. Grayscale Chainlink Trust ETF has a one year low of $6.25 and a one year high of $22.25.

Grayscale Chainlink Trust ETF Company Profile

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.