iShares Staked Ethereum Trust ETF (NASDAQ:ETHB – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 798,980 shares, a growth of 97.7% from the July 30th total of 404,177 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average trading volume of 224,825 shares, the short-interest ratio is currently 3.6 days.
iShares Staked Ethereum Trust ETF Stock Performance
Shares of NASDAQ ETHB traded up $0.57 during midday trading on Monday, reaching $31.93. 267,177 shares of the stock traded hands, compared to its average volume of 451,259. The stock has a 50 day moving average of $24.55. iShares Staked Ethereum Trust ETF has a one year low of $19.65 and a one year high of $32.64.
iShares Staked Ethereum Trust ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Monday, August 10th were given a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 1.2%. This is an increase from iShares Staked Ethereum Trust ETF’s previous monthly dividend of $0.03. The ex-dividend date was Monday, August 10th.
Hedge Funds Weigh In On iShares Staked Ethereum Trust ETF
iShares Staked Ethereum Trust ETF (NASDAQ: ETHB) is an exchange-traded fund offered under the iShares brand of BlackRock. Listed on the Nasdaq, the fund is structured to provide investors with exposure to Ether that is participating in the Ethereum proof-of-stake protocol, commonly referred to as “staked” Ethereum. As an ETF, ETHB is intended to offer access to cryptocurrency exposure through a familiar, regulated investment vehicle that can be bought and sold in brokerage accounts.
The fund’s strategy is focused on capturing the economic exposure associated with staked Ether, which can include the underlying price movements of Ether as well as staking rewards generated by validating network activity.
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