Shares of Ultra Ether ETF (NYSEARCA:ETHT – Get Free Report) traded down 14.6% on Thursday. The stock traded as low as $12.92 and last traded at $13.06. Approximately 1,538,381 shares were traded during trading, a decline of 19% from the average daily volume of 1,900,561 shares. The stock had previously closed at $15.29.
Ultra Ether ETF Trading Down 2.0%
The stock has a fifty day moving average of $16.76 and a 200-day moving average of $15.19.
Hedge Funds Weigh In On Ultra Ether ETF
A number of large investors have recently bought and sold shares of the company. IMC Chicago LLC bought a new position in shares of Ultra Ether ETF during the 1st quarter worth approximately $1,365,000. Integrated Advisors Network LLC bought a new stake in shares of Ultra Ether ETF in the third quarter worth $598,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Ultra Ether ETF in the third quarter worth $563,000. StoneX Group Inc. bought a new stake in shares of Ultra Ether ETF in the third quarter worth $362,000. Finally, Baldwin Wealth Partners LLC MA acquired a new position in Ultra Ether ETF during the third quarter worth $290,000.
Ultra Ether ETF Company Profile
The ProShares Ultra Ether ETF (ETHT) 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 leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.
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