Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Short Interest Up 117.7% in June

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,224,929 shares, a growth of 117.7% from the June 15th total of 562,671 shares. Based on an average daily volume of 2,738,676 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Grayscale Ethereum Mini Trust ETF

Large investors have recently bought and sold shares of the business. Turim 21 Investimentos Ltda. acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF during the 1st quarter worth approximately $30,000. Global Assets Advisory LLC bought a new position in Grayscale Ethereum Mini Trust ETF during the 1st quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Grayscale Ethereum Mini Trust ETF by 58.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock worth $54,000 after buying an additional 1,313 shares during the period. Beaird Harris Wealth Management LLC increased its position in Grayscale Ethereum Mini Trust ETF by 20.5% in the second quarter. Beaird Harris Wealth Management LLC now owns 5,451 shares of the company’s stock worth $82,000 after buying an additional 929 shares during the period. Finally, Evercore Wealth Management LLC bought a new stake in Grayscale Ethereum Mini Trust ETF in the first quarter valued at $210,000. Institutional investors own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Stock Up 2.6%

ETH stock traded up $0.46 during trading on Wednesday, hitting $18.34. 1,208,667 shares of the company’s stock traded hands, compared to its average volume of 5,621,632. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 7.77 and a beta of 2.60. Grayscale Ethereum Mini Trust ETF has a 52 week low of $14.53 and a 52 week high of $45.78. The stock has a fifty day moving average price of $17.89 and a two-hundred day moving average price of $21.04.

Grayscale Ethereum Mini Trust ETF Company Profile

The Grayscale Ethereum Mini Trust ETF (ETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETH was launched on Apr 23, 2024 and is issued by Grayscale.