Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Short Interest Update

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 69,780 shares, a decrease of 75.9% from the August 15th total of 289,835 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 421,412 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC boosted its holdings in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,242 shares of the company’s stock after buying an additional 34,865 shares during the period. MOR Wealth Management LLC owned about 0.82% of Grayscale Chainlink Trust ETF worth $546,000 as of its most recent SEC filing.

Grayscale Chainlink Trust ETF Price Performance

Shares of GLNK stock traded down $0.04 during mid-day trading on Friday, reaching $10.27. The stock had a trading volume of 312,064 shares, compared to its average volume of 253,877. Grayscale Chainlink Trust ETF has a one year low of $6.25 and a one year high of $44.80. The firm’s 50 day simple moving average is $8.43 and its 200 day simple moving average is $8.68.

Grayscale Chainlink Trust ETF (NYSE Arca: GLNK) is an exchange-traded investment product sponsored by Grayscale Investments. Rather than operating as a conventional company, the trust is designed to provide investors with exposure to Chainlink (LINK), the digital asset associated with the Chainlink decentralized oracle network.

The trust’s principal activity is holding LINK and issuing shares that are intended to represent an interest in the underlying assets. Chainlink’s network is designed to connect blockchain-based smart contracts with external data, events and systems, supporting applications in areas such as decentralized finance, insurance, gaming and other blockchain services.