Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Increase in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,719 shares, a growth of 640.9% from the May 31st total of 232 shares. Based on an average daily trading volume, of 103,434 shares, the days-to-cover ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Price Performance

Shares of OTCMKTS ETCG traded up $0.12 during trading on Friday, reaching $4.13. The stock had a trading volume of 3,681 shares, compared to its average volume of 36,982. Grayscale Ethereum Classic Trust has a one year low of $3.55 and a one year high of $12.79. The firm’s 50 day moving average price is $4.27 and its two-hundred day moving average price is $5.11.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.