Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 109,377 shares, a drop of 66.1% from the July 15th total of 322,347 shares. Based on an average daily volume of 964,847 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of Bitwise Ethereum ETF

Hedge funds have recently bought and sold shares of the company. Ninepoint Partners LP bought a new position in Bitwise Ethereum ETF in the 2nd quarter worth $270,000. Wealthcare Advisory Partners LLC grew its stake in shares of Bitwise Ethereum ETF by 61.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 19,675 shares of the company’s stock valued at $222,000 after acquiring an additional 7,455 shares during the period. Wealthcare Capital Management LLC purchased a new stake in Bitwise Ethereum ETF in the 2nd quarter worth approximately $191,000. Archer Investment Management LLC bought a new stake in Bitwise Ethereum ETF during the 2nd quarter worth approximately $229,000. Finally, Keel Point LLC raised its position in shares of Bitwise Ethereum ETF by 82.7% during the 1st quarter. Keel Point LLC now owns 37,659 shares of the company’s stock valued at $565,000 after purchasing an additional 17,041 shares during the period.

Bitwise Ethereum ETF Stock Down 0.4%

Bitwise Ethereum ETF stock traded down $0.05 during trading hours on Friday, hitting $13.44. The stock had a trading volume of 371,624 shares, compared to its average volume of 1,200,934. The stock’s 50-day moving average price is $12.76 and its 200-day moving average price is $14.56. Bitwise Ethereum ETF has a 12-month low of $10.93 and a 12-month high of $34.84.

About Bitwise Ethereum ETF

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.