iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Should You Sell?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares gapped down prior to trading on Thursday . The stock had previously closed at $25.39, but opened at $24.08. iShares Ethereum Trust ETF shares last traded at $24.09, with a volume of 12,546,441 shares.

iShares Ethereum Trust ETF Stock Down 4.6%

The business has a fifty day simple moving average of $27.02 and a 200-day simple moving average of $26.84.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Hedge funds have recently bought and sold shares of the business. Private Wealth Management Group LLC purchased a new stake in iShares Ethereum Trust ETF in the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares Ethereum Trust ETF in the 3rd quarter worth $26,000. Activest Wealth Management grew its holdings in shares of iShares Ethereum Trust ETF by 252.7% in the third quarter. Activest Wealth Management now owns 864 shares of the company’s stock worth $27,000 after acquiring an additional 619 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Ethereum Trust ETF during the third quarter valued at $28,000. Finally, Princeton Global Asset Management LLC bought a new position in iShares Ethereum Trust ETF in the third quarter valued at about $31,000.

iShares Ethereum Trust ETF Company Profile

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.