iShares Ethereum Trust ETF (NASDAQ:ETHA) Short Interest Down 34.2% in January

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 14,909,655 shares, a drop of 34.2% from the January 15th total of 22,642,115 shares. Based on an average daily volume of 41,658,477 shares, the days-to-cover ratio is presently 0.4 days. Approximately 8.3% of the company’s shares are sold short. Approximately 8.3% of the company’s shares are sold short. Based on an average daily volume of 41,658,477 shares, the days-to-cover ratio is presently 0.4 days.

iShares Ethereum Trust ETF Trading Up 6.8%

ETHA stock traded up $0.99 during mid-day trading on Friday, reaching $15.45. The company’s stock had a trading volume of 40,759,874 shares, compared to its average volume of 48,740,363. iShares Ethereum Trust ETF has a 12 month low of $10.99 and a 12 month high of $36.80. The business’s 50 day moving average price is $21.56 and its 200 day moving average price is $26.84.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Farallon Capital Management LLC bought a new position in shares of iShares Ethereum Trust ETF in the third quarter valued at approximately $234,773,000. Schonfeld Strategic Advisors LLC lifted its stake in iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after acquiring an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. bought a new position in iShares Ethereum Trust ETF during the 4th quarter valued at $86,824,000. Capula Management Ltd boosted its holdings in iShares Ethereum Trust ETF by 195.5% during the 2nd quarter. Capula Management Ltd now owns 5,354,800 shares of the company’s stock worth $102,116,000 after acquiring an additional 3,542,508 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of iShares Ethereum Trust ETF by 182.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after acquiring an additional 2,347,070 shares in the last quarter.

iShares Ethereum Trust ETF Company Profile

The iShares Ethereum Trust ETF (ETHA) 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 spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.