Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $18.38, but opened at $17.51. iShares Ethereum Trust ETF shares last traded at $17.40, with a volume of 7,703,639 shares trading hands.
iShares Ethereum Trust ETF Stock Performance
The stock has a 50-day moving average of $15.85 and a two-hundred day moving average of $21.63.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC increased its position in iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after buying an additional 6,283,778 shares in the last quarter. Capula Management Ltd increased its holdings in shares of iShares Ethereum Trust ETF by 65.6% in the 3rd quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock worth $279,446,000 after purchasing an additional 3,513,685 shares in the last quarter. Farallon Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF in the 3rd quarter worth $234,773,000. Harvard Management Co. Inc. bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter worth $86,824,000. Finally, Macquarie Group Ltd. increased its holdings in shares of iShares Ethereum Trust ETF by 182.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after purchasing an additional 2,347,070 shares in the last quarter.
About iShares Ethereum Trust ETF
The iShares Ethereum Trust ETF (ETHA) 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 spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.
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