Shares of UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $30.15 and traded as high as $32.72. UltraShort Ether ETF shares last traded at $32.05, with a volume of 660,906 shares.
UltraShort Ether ETF Stock Up 6.4%
The stock has a 50 day moving average of $30.15 and a 200-day moving average of $56.19.
Hedge Funds Weigh In On UltraShort Ether ETF
A hedge fund recently bought a new position in UltraShort Ether ETF stock. IMC Chicago LLC acquired a new position in UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,633 shares of the company’s stock, valued at approximately $1,675,000. IMC Chicago LLC owned approximately 1.65% of UltraShort Ether ETF at the end of the most recent quarter.
About UltraShort Ether ETF
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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