Grayscale Chainlink Trust ETF (NYSEARCA:GLNK) Short Interest Update

by · The Markets Daily

Grayscale Chainlink Trust ETF (NYSEARCA:GLNK – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 289,835 shares, an increase of 81.6% from the July 30th total of 159,626 shares. Based on an average daily volume of 275,064 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.8% of the company’s stock are short sold.

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 boosted its holdings in shares of Grayscale Chainlink Trust ETF (NYSEARCA:GLNK – Free Report) by 69.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,242 shares of the company’s stock after acquiring an additional 34,865 shares during the quarter. MOR Wealth Management LLC owned 0.82% of Grayscale Chainlink Trust ETF worth $546,000 at the end of the most recent quarter.

Grayscale Chainlink Trust ETF Stock Down 0.1%

Shares of Grayscale Chainlink Trust ETF stock opened at $10.11 on Tuesday. The business has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $8.88. Grayscale Chainlink Trust ETF has a 12 month low of $6.25 and a 12 month high of $50.51.

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.

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