Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 84,101 shares, a decline of 63.6% from the August 31st total of 231,162 shares. Based on an average daily volume of 995,357 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETHW. Beam Wealth Advisors Inc. increased its stake in Bitwise Ethereum ETF by 10.9% during the first quarter. Beam Wealth Advisors Inc. now owns 216,676 shares of the company’s stock valued at $3,250,000 after acquiring an additional 21,259 shares during the period. Lido Advisors LLC bought a new stake in shares of Bitwise Ethereum ETF in the 1st quarter worth about $1,070,000. Unique Wealth LLC grew its stake in Bitwise Ethereum ETF by 16.2% during the first quarter. Unique Wealth LLC now owns 60,286 shares of the company’s stock worth $904,000 after buying an additional 8,389 shares during the last quarter. RFG Advisory LLC increased its holdings in Bitwise Ethereum ETF by 58.3% during the 2nd quarter. RFG Advisory LLC now owns 58,436 shares of the company’s stock valued at $659,000 after purchasing an additional 21,527 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its holdings in shares of Bitwise Ethereum ETF by 10.9% in the first quarter. Meitav Investment House Ltd. now owns 56,007 shares of the company’s stock valued at $840,000 after buying an additional 5,517 shares during the last quarter.

Bitwise Ethereum ETF Stock Performance

ETHW traded down $0.12 during midday trading on Monday, reaching $19.12. The company’s stock had a trading volume of 425,523 shares, compared to its average volume of 1,165,316. The company has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $14.99. Bitwise Ethereum ETF has a twelve month low of $10.93 and a twelve month high of $34.11.

Bitwise Ethereum ETF Company Profile

The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.