UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) shares were up 0.5% on Thursday . The company traded as high as $58.10 and last traded at $57.04. Approximately 111,428 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 591,283 shares. The stock had previously closed at $56.75.
UltraShort Ether ETF Trading Down 1.1%
The business has a 50-day moving average of $73.04 and a two-hundred day moving average of $66.47.
Institutional Trading of UltraShort Ether ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. StoneX Group Inc. bought a new position in UltraShort Ether ETF during the 2nd quarter worth approximately $156,000. Group One Trading LLC acquired a new stake in shares of UltraShort Ether ETF in the 3rd quarter valued at about $172,000. Susquehanna International Group LLP grew its stake in UltraShort Ether ETF by 23.3% in the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after acquiring an additional 25,540 shares during the period. Flow Traders U.S. LLC bought a new stake in UltraShort Ether ETF during the 3rd quarter valued at $901,000. Finally, Jane Street Group LLC increased its position in shares of UltraShort Ether ETF by 184.2% during the second quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after acquiring an additional 51,295 shares in the last quarter.
UltraShort Ether ETF Company Profile
The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.
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