2x Ether ETF (BATS:ETHU – Get Free Report) traded down 1.6% during mid-day trading on Monday. The stock traded as low as $29.54 and last traded at $30.06. Approximately 5,920,905 shares changed hands during trading, a decline of 10% from the average daily volume of 6,569,265 shares. The stock had previously closed at $30.54.
2x Ether ETF Stock Down 0.8%
The firm has a fifty day moving average price of $22.67 and a 200 day moving average price of $21.10.
Institutional Investors Weigh In On 2x Ether ETF
A hedge fund recently raised its stake in 2x Ether ETF stock. Parallel Advisors LLC lifted its stake in shares of 2x Ether ETF (BATS:ETHU – Free Report) by 78.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,450 shares of the company’s stock after purchasing an additional 1,080 shares during the quarter. Parallel Advisors LLC’s holdings in 2x Ether ETF were worth $55,000 at the end of the most recent quarter.
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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