Bitwise Ethereum ETF (NYSEARCA:ETHW) Sees Significant Increase in Short Interest

Bitwise Ethereum ETF (NYSEARCA:ETHW) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 480,997 shares, a growth of 100.3% from the April 30th total of 240,137 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 708,594 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Bitwise Ethereum ETF

A number of institutional investors and hedge funds have recently modified their holdings of ETHW. Jane Street Group LLC boosted its holdings in shares of Bitwise Ethereum ETF by 2.0% during the 1st quarter. Jane Street Group LLC now owns 120,255 shares of the company’s stock worth $1,578,000 after buying an additional 2,393 shares in the last quarter. Betterment LLC boosted its holdings in shares of Bitwise Ethereum ETF by 103.0% during the 2nd quarter. Betterment LLC now owns 126,054 shares of the company’s stock worth $2,277,000 after buying an additional 63,964 shares in the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Bitwise Ethereum ETF during the 2nd quarter worth approximately $384,000. Osaic Holdings Inc. bought a new position in shares of Bitwise Ethereum ETF during the 2nd quarter worth approximately $66,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Bitwise Ethereum ETF during the 3rd quarter worth approximately $444,000.

Bitwise Ethereum ETF Price Performance

Shares of Bitwise Ethereum ETF stock traded down $0.10 on Monday, reaching $14.32. 893,112 shares of the company’s stock were exchanged, compared to its average volume of 1,386,295. Bitwise Ethereum ETF has a 52 week low of $12.91 and a 52 week high of $34.84. The firm’s 50-day moving average is $15.76 and its two-hundred day moving average is $18.03.

Bitwise Ethereum ETF Company Profile

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.