VanEck Ethereum ETF (BATS:ETHV) Sees Large Increase in Short Interest

VanEck Ethereum ETF (BATS:ETHV) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 40,267 shares, an increase of 111.5% from the July 30th total of 19,040 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,297 shares, the short-interest ratio is presently 1.1 days.

VanEck Ethereum ETF Stock Down 2.5%

Shares of VanEck Ethereum ETF stock opened at $35.62 on Friday. The firm’s 50-day moving average price is $27.88 and its two-hundred day moving average price is $29.51. VanEck Ethereum ETF has a 1-year low of $22.40 and a 1-year high of $69.72.

Institutional Trading of VanEck Ethereum ETF

Large investors have recently made changes to their positions in the business. Cedar Wealth Management LLC acquired a new stake in shares of VanEck Ethereum ETF in the fourth quarter valued at $26,000. Quattro Advisors LLC acquired a new position in VanEck Ethereum ETF during the 4th quarter worth about $31,000. PNC Financial Services Group Inc. bought a new stake in VanEck Ethereum ETF during the 3rd quarter worth about $56,000. Tucker Asset Management LLC bought a new stake in VanEck Ethereum ETF during the 2nd quarter worth about $43,000. Finally, Compass Financial Management LLC acquired a new stake in VanEck Ethereum ETF in the 2nd quarter valued at about $43,000.

VanEck Ethereum ETF Company Profile

The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.