Short Interest in Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (NYSEARCA:AETH) Declines By 40.6%

Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (NYSEARCA:AETH) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,514 shares, a drop of 40.6% from the May 14th total of 4,232 shares. Based on an average daily volume of 674 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.7% of the shares of the stock are sold short.

Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF Stock Performance

Shares of NYSEARCA:AETH traded down $0.09 during trading on Tuesday, hitting $32.55. 523 shares of the company’s stock were exchanged, compared to its average volume of 1,169. The business’s 50-day simple moving average is $33.81 and its 200 day simple moving average is $35.51. Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF has a 52-week low of $32.42 and a 52-week high of $59.48.

Institutional Investors Weigh In On Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF

A hedge fund recently raised its stake in Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC increased its stake in shares of Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (NYSEARCA:AETH) by 30.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,481 shares of the company’s stock after buying an additional 4,106 shares during the quarter. Jane Street Group LLC owned about 8.74% of Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF worth $479,000 at the end of the most recent reporting period.

Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Ethereum Strategy ETF (AETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is an actively managed fund that that seeks capital appreciation by providing Ethereum-linked exposure. The fund exclusively invests in ether futures contracts AETH was launched on Sep 29, 2023 and is issued by Bitwise.