iShares Ethereum Trust ETF (NASDAQ:ETHA – Get Free Report)’s share price were up 8% on Tuesday . The company traded as high as $25.70 and last traded at $25.62. Approximately 31,820,986 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 30,597,096 shares. The stock had previously closed at $23.72.
iShares Ethereum Trust ETF Price Performance
The company has a 50-day simple moving average of $27.29 and a 200-day simple moving average of $26.81.
Hedge Funds Weigh In On iShares Ethereum Trust ETF
Several hedge funds have recently bought and sold shares of the company. Farallon Capital Management LLC acquired a new stake in iShares Ethereum Trust ETF in the third quarter valued at $234,773,000. Schonfeld Strategic Advisors LLC increased its holdings in iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after acquiring an additional 6,283,778 shares in the last quarter. Capula Management Ltd lifted its holdings in shares of iShares Ethereum Trust ETF by 195.5% in the second quarter. Capula Management Ltd now owns 5,354,800 shares of the company’s stock valued at $102,116,000 after purchasing an additional 3,542,508 shares in the last quarter. Jane Street Group LLC grew its position in shares of iShares Ethereum Trust ETF by 963.1% in the first quarter. Jane Street Group LLC now owns 3,052,081 shares of the company’s stock valued at $42,180,000 after purchasing an additional 2,764,987 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of iShares Ethereum Trust ETF during the 2nd quarter worth approximately $28,605,000.
About iShares Ethereum Trust ETF
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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