VanEck Ethereum ETF (BATS:ETHV – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 34,962 shares, a decrease of 51.8% from the April 30th total of 72,517 shares. Based on an average daily trading volume, of 74,404 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.1% of the company’s stock are short sold.
VanEck Ethereum ETF Stock Performance
BATS:ETHV opened at $29.47 on Monday. The company’s 50 day moving average price is $32.19 and its 200-day moving average price is $36.85. VanEck Ethereum ETF has a 52 week low of $26.43 and a 52 week high of $71.17.
Institutional Investors Weigh In On VanEck Ethereum ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in ETHV. Quadrature Capital Ltd boosted its holdings in VanEck Ethereum ETF by 2,130.2% in the fourth quarter. Quadrature Capital Ltd now owns 76,919 shares of the company’s stock worth $3,341,000 after purchasing an additional 73,470 shares during the last quarter. Virtu Financial LLC purchased a new stake in VanEck Ethereum ETF in the third quarter worth approximately $3,455,000. IMC Chicago LLC purchased a new stake in VanEck Ethereum ETF in the third quarter worth approximately $3,361,000. Hunting Hill Global Capital LLC purchased a new stake in VanEck Ethereum ETF in the third quarter worth approximately $2,768,000. Finally, Quadcap Wealth Management LLC purchased a new stake in VanEck Ethereum ETF in the third quarter worth approximately $2,277,000.
VanEck Ethereum ETF Company Profile
The VanEck Ethereum ETF (ETHV) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund provides passive exposure to the price of ether (ETH) less expenses and other liabilities. The shares allow investors to track the performance of ether, without directly owning and managing the digital currency. ETHV was launched on Jun 25, 2024 and is issued by VanEck.
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