Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Sees Large Increase in Short Interest

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 93,991 shares, an increase of 97.9% from the October 15th total of 47,486 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 459,769 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Grayscale Chainlink Trust ETF

A hedge fund recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC grew its holdings in Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,242 shares of the company’s stock after purchasing an additional 34,865 shares during the quarter. MOR Wealth Management LLC owned approximately 0.82% of Grayscale Chainlink Trust ETF worth $546,000 at the end of the most recent quarter.

Grayscale Chainlink Trust ETF Stock Performance

Shares of GLNK traded down $0.07 on Friday, reaching $8.82. The stock had a trading volume of 214,137 shares, compared to its average volume of 312,737. Grayscale Chainlink Trust ETF has a twelve month low of $6.25 and a twelve month high of $22.25. The firm has a 50-day moving average of $10.78 and a 200 day moving average of $8.69.

Grayscale Chainlink Trust ETF Company Profile

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.