Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Stock Short Interest Declines 93.4%

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,486 shares, a decrease of 93.4% from the September 30th total of 719,229 shares. Based on an average trading volume of 581,625 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

Grayscale Chainlink Trust ETF Trading Up 0.8%

GLNK stock traded up $0.08 during mid-day trading on Tuesday, reaching $10.13. The company’s stock had a trading volume of 77,004 shares, compared to its average volume of 303,285. Grayscale Chainlink Trust ETF has a 12 month low of $6.25 and a 12 month high of $28.47. The business’s 50 day moving average price is $10.82 and its 200 day moving average price is $8.80.

Institutional Investors Weigh In On Grayscale Chainlink Trust ETF

An institutional investor recently raised its stake in Grayscale Chainlink Trust ETF stock. MOR Wealth Management LLC lifted its holdings in Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) by 69.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,242 shares of the company’s stock after buying an additional 34,865 shares during the quarter. MOR Wealth Management LLC owned approximately 0.82% of Grayscale Chainlink Trust ETF worth $546,000 as of its most recent SEC filing.

Grayscale Chainlink Trust ETF (NYSE Arca: GLNK) is an exchange-traded investment product sponsored by Grayscale Investments. Rather than operating as a conventional company, the trust is designed to provide investors with exposure to Chainlink (LINK), the digital asset associated with the Chainlink decentralized oracle network.

The trust’s principal activity is holding LINK and issuing shares that are intended to represent an interest in the underlying assets. Chainlink’s network is designed to connect blockchain-based smart contracts with external data, events and systems, supporting applications in areas such as decentralized finance, insurance, gaming and other blockchain services.