Bitwise Ethereum ETF (NYSEARCA:ETHW) Shares Shorted: Short Interest Up 108.3% in September

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 175,202 shares, an increase of 108.3% from the September 15th total of 84,101 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 605,876 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Bitwise Ethereum ETF

Several large investors have recently bought and sold shares of ETHW. Beam Wealth Advisors Inc. boosted its position in shares of Bitwise Ethereum ETF by 10.9% during the first quarter. Beam Wealth Advisors Inc. now owns 216,676 shares of the company’s stock worth $3,250,000 after purchasing an additional 21,259 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Bitwise Ethereum ETF in the 1st quarter valued at $1,070,000. Unique Wealth LLC increased its position in shares of Bitwise Ethereum ETF by 16.2% in the 1st quarter. Unique Wealth LLC now owns 60,286 shares of the company’s stock valued at $904,000 after buying an additional 8,389 shares in the last quarter. Meitav Investment House Ltd. increased its position in shares of Bitwise Ethereum ETF by 10.9% in the 1st 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 in the last quarter. Finally, RFG Advisory LLC increased its position in shares of Bitwise Ethereum ETF by 58.3% in the 2nd quarter. RFG Advisory LLC now owns 58,436 shares of the company’s stock valued at $659,000 after buying an additional 21,527 shares in the last quarter.

Bitwise Ethereum ETF Trading Down 0.6%

Shares of NYSEARCA:ETHW opened at $17.90 on Wednesday. The firm’s 50 day simple moving average is $17.19 and its 200 day simple moving average is $15.26. Bitwise Ethereum ETF has a fifty-two week low of $10.93 and a fifty-two week high of $30.34.

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.