iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHAGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $15.88, but opened at $17.25. iShares Ethereum Trust ETF shares last traded at $17.17, with a volume of 15,893,697 shares.

iShares Ethereum Trust ETF Trading Up 8.3%

The stock’s 50-day moving average price is $13.65 and its 200-day moving average price is $15.16.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ETHA. Bank of America Corp DE bought a new position in shares of iShares Ethereum Trust ETF during the 4th quarter worth approximately $94,000. NewEdge Advisors LLC purchased a new position in shares of iShares Ethereum Trust ETF in the 1st quarter worth approximately $174,000. Raymond James Financial Inc. bought a new position in shares of iShares Ethereum Trust ETF in the second quarter valued at approximately $255,000. Vienna Asset Management LLC bought a new position in shares of iShares Ethereum Trust ETF in the second quarter valued at approximately $4,711,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of iShares Ethereum Trust ETF in the second quarter valued at approximately $806,000.

About iShares Ethereum Trust ETF

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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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