2x Ether ETF (BATS:ETHU – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.66 and traded as high as $24.46. 2x Ether ETF shares last traded at $23.94, with a volume of 6,788,253 shares traded.
2x Ether ETF Price Performance
The stock’s 50 day moving average is $26.37 and its 200-day moving average is $23.66.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ETHU. Parallel Advisors LLC grew its holdings in shares of 2x Ether ETF by 78.8% during the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock valued at $55,000 after buying an additional 1,080 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Ether ETF during the third quarter valued at approximately $235,000. Finally, DGS Capital Management LLC purchased a new position in 2x Ether ETF in the 1st quarter worth approximately $274,000.
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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