Short Interest in VanEck Ethereum ETF (BATS:ETHV) Grows By 111.5%

VanEck Ethereum ETF (BATS:ETHV) was the target of a large 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 company are sold short. Based on an average daily trading volume, of 36,297 shares, the short-interest ratio is currently 1.1 days.

VanEck Ethereum ETF Stock Performance

VanEck Ethereum ETF stock opened at $35.62 on Friday. VanEck Ethereum ETF has a 1-year low of $22.40 and a 1-year high of $69.72. The stock’s 50 day moving average price is $27.88 and its 200 day moving average price is $29.51.

Institutional Investors Weigh In On VanEck Ethereum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cedar Wealth Management LLC acquired a new position in shares of VanEck Ethereum ETF during the 4th quarter worth $26,000. Quattro Advisors LLC acquired a new stake in shares of VanEck Ethereum ETF in the fourth quarter valued at about $31,000. Compass Financial Management LLC purchased a new stake in VanEck Ethereum ETF during the second quarter worth about $43,000. Tucker Asset Management LLC acquired a new position in VanEck Ethereum ETF during the second quarter worth about $43,000. Finally, PNC Financial Services Group Inc. acquired a new position in VanEck Ethereum ETF during the third quarter worth about $56,000.

About VanEck Ethereum ETF

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.