VanEck Ethereum ETF (BATS:ETHV) Short Interest Update

VanEck Ethereum ETF (BATS:ETHV) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 13,333 shares, a drop of 66.9% from the June 30th total of 40,314 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 37,224 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ETHV. Cedar Wealth Management LLC purchased a new stake in VanEck Ethereum ETF during the 4th quarter worth approximately $26,000. Quattro Advisors LLC purchased a new stake in shares of VanEck Ethereum ETF during the fourth quarter worth $31,000. PNC Financial Services Group Inc. acquired a new stake in shares of VanEck Ethereum ETF in the third quarter valued at about $56,000. Revisor Wealth Management LLC lifted its stake in shares of VanEck Ethereum ETF by 21.6% in the fourth quarter. Revisor Wealth Management LLC now owns 5,718 shares of the company’s stock worth $246,000 after buying an additional 1,016 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in VanEck Ethereum ETF by 19.8% during the fourth quarter. Brookstone Capital Management now owns 7,520 shares of the company’s stock worth $327,000 after acquiring an additional 1,244 shares during the last quarter.

VanEck Ethereum ETF Price Performance

Shares of BATS ETHV opened at $27.20 on Friday. The company’s fifty day moving average price is $26.56 and its 200 day moving average price is $31.66. VanEck Ethereum ETF has a 1 year low of $22.40 and a 1 year high of $71.17.

About VanEck Ethereum ETF

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.