2x Ether ETF (BATS:ETHU – Get Free Report) shares fell 0.7% during trading on Friday . The stock traded as low as $15.39 and last traded at $15.70. 1,978,202 shares changed hands during trading, a decline of 68% from the average session volume of 6,226,232 shares. The stock had previously closed at $15.81.
2x Ether ETF Stock Down 0.7%
The stock has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $21.39.
Hedge Funds Weigh In On 2x Ether ETF
Several institutional investors have recently bought and sold shares of ETHU. DRW Securities LLC increased its stake in 2x Ether ETF by 8,918.1% during the fourth quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock worth $22,085,000 after purchasing an additional 399,265 shares during the period. Jump Financial LLC purchased a new position in shares of 2x Ether ETF in the fourth quarter valued at approximately $2,297,000. DGS Capital Management LLC acquired a new position in shares of 2x Ether ETF in the first quarter valued at approximately $274,000. Finally, Parallel Advisors LLC grew its holdings in shares of 2x Ether ETF by 78.8% in the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock valued at $55,000 after purchasing an additional 1,080 shares in the last quarter.
2x Ether ETF Company Profile
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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