iShares Ethereum Trust ETF (NASDAQ:ETHA) Short Interest Update

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 24,017,730 shares, an increase of 45.5% from the March 31st total of 16,501,696 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 33,898,183 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of iShares Ethereum Trust ETF

Institutional investors have recently made changes to their positions in the stock. Inscription Capital LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the third quarter valued at approximately $952,000. Copperleaf Capital LLC purchased a new stake in iShares Ethereum Trust ETF in the third quarter worth $648,000. Global Retirement Partners LLC lifted its stake in iShares Ethereum Trust ETF by 57.6% in the third quarter. Global Retirement Partners LLC now owns 109,269 shares of the company’s stock worth $3,443,000 after acquiring an additional 39,955 shares during the period. Advyzon Investment Management LLC purchased a new stake in iShares Ethereum Trust ETF in the third quarter worth $1,531,000. Finally, BIP Wealth LLC purchased a new stake in iShares Ethereum Trust ETF in the fourth quarter worth $880,000.

iShares Ethereum Trust ETF Stock Performance

Shares of NASDAQ:ETHA traded up $0.26 during trading on Thursday, reaching $17.11. 7,811,463 shares of the company traded hands, compared to its average volume of 40,378,965. iShares Ethereum Trust ETF has a 52-week low of $13.25 and a 52-week high of $36.80. The business’s fifty day moving average is $16.22 and its 200-day moving average is $20.81.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) 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 spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.