Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Update

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 322,347 shares, a growth of 109.2% from the June 30th total of 154,055 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 796,073 shares, the short-interest ratio is presently 0.4 days.

Bitwise Ethereum ETF Price Performance

Shares of NYSEARCA:ETHW traded down $0.24 during midday trading on Wednesday, reaching $13.50. The company had a trading volume of 1,312,032 shares, compared to its average volume of 1,238,345. The company’s 50 day moving average price is $12.92 and its 200 day moving average price is $15.26. Bitwise Ethereum ETF has a 52-week low of $10.93 and a 52-week high of $34.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Bitwise Ethereum ETF by 2.0% in the 1st quarter. Jane Street Group LLC now owns 120,255 shares of the company’s stock valued at $1,578,000 after acquiring an additional 2,393 shares during the period. Betterment LLC boosted its position in Bitwise Ethereum ETF by 103.0% during the second quarter. Betterment LLC now owns 126,054 shares of the company’s stock worth $2,277,000 after purchasing an additional 63,964 shares during the period. Orion Porfolio Solutions LLC purchased a new position in shares of Bitwise Ethereum ETF in the second quarter worth about $384,000. Osaic Holdings Inc. purchased a new position in shares of Bitwise Ethereum ETF in the second quarter worth about $66,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Bitwise Ethereum ETF by 33.0% in the third quarter. Envestnet Asset Management Inc. now owns 16,355 shares of the company’s stock valued at $488,000 after purchasing an additional 4,056 shares during the period.

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.