2x Ether ETF (NYSEARCA:ETHU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $69.36, but opened at $65.30. 2x Ether ETF shares last traded at $64.96, with a volume of 1,091,305 shares.
2x Ether ETF Trading Down 5.7%
The stock’s fifty day moving average price is $37.28 and its 200-day moving average price is $104.43.
Institutional Trading of 2x Ether ETF
A hedge fund recently bought a new stake in 2x Ether ETF stock. Kingswood Wealth Advisors LLC purchased a new position in shares of 2x Ether ETF (NYSEARCA:ETHU – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 138,086 shares of the company’s stock, valued at approximately $253,000. Kingswood Wealth Advisors LLC owned approximately 1.08% of 2x Ether ETF at the end of the most recent reporting period.
About 2x Ether ETF
The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.
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