Bitwise Ethereum ETF (NYSEARCA:ETHW) Short Interest Down 66.1% in July

Bitwise Ethereum ETF (NYSEARCA:ETHW) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 109,377 shares, a decrease of 66.1% from the July 15th total of 322,347 shares. Based on an average daily volume of 964,847 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Bitwise Ethereum ETF

Several large investors have recently bought and sold shares of ETHW. Quadrature Capital Ltd acquired a new stake in shares of Bitwise Ethereum ETF in the 4th quarter worth approximately $6,767,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Bitwise Ethereum ETF by 42.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 712,700 shares of the company’s stock valued at $21,253,000 after acquiring an additional 212,700 shares during the period. Wells Fargo & Company MN increased its stake in shares of Bitwise Ethereum ETF by 373,526.0% during the fourth quarter. Wells Fargo & Company MN now owns 186,813 shares of the company’s stock valued at $3,974,000 after acquiring an additional 186,763 shares during the period. Focus Partners Wealth bought a new stake in Bitwise Ethereum ETF during the fourth quarter worth approximately $3,094,000. Finally, Renaissance Technologies LLC bought a new stake in Bitwise Ethereum ETF during the fourth quarter worth approximately $1,853,000.

Bitwise Ethereum ETF Price Performance

Shares of ETHW traded down $0.05 during trading hours on Friday, reaching $13.44. 383,029 shares of the company’s stock traded hands, compared to its average volume of 1,201,197. Bitwise Ethereum ETF has a twelve month low of $10.93 and a twelve month high of $34.84. The business’s fifty day simple moving average is $12.80 and its two-hundred day simple moving average is $14.55.

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.