Bitwise Ethereum ETF (NYSEARCA:ETHW – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 84,101 shares, a drop of 63.6% from the August 31st total of 231,162 shares. Based on an average daily trading volume, of 995,357 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the company’s shares are sold short.
Bitwise Ethereum ETF Stock Up 0.6%
Shares of Bitwise Ethereum ETF stock traded up $0.11 on Tuesday, hitting $19.23. The stock had a trading volume of 393,766 shares, compared to its average volume of 1,161,053. Bitwise Ethereum ETF has a one year low of $10.93 and a one year high of $34.11. The stock’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $15.02.
Hedge Funds Weigh In On Bitwise Ethereum ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Beam Wealth Advisors Inc. grew its stake in shares of Bitwise Ethereum ETF by 10.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 216,676 shares of the company’s stock worth $3,250,000 after buying an additional 21,259 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of Bitwise Ethereum ETF in the 1st quarter worth $1,070,000. Unique Wealth LLC grew its holdings in shares of Bitwise Ethereum ETF by 16.2% in the first quarter. Unique Wealth LLC now owns 60,286 shares of the company’s stock worth $904,000 after acquiring an additional 8,389 shares during the period. RFG Advisory LLC increased its position in Bitwise Ethereum ETF by 58.3% during the second quarter. RFG Advisory LLC now owns 58,436 shares of the company’s stock valued at $659,000 after acquiring an additional 21,527 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its holdings in Bitwise Ethereum ETF by 10.9% in the first quarter. Meitav Investment House Ltd. now owns 56,007 shares of the company’s stock valued at $840,000 after acquiring an additional 5,517 shares during the period.
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.
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