iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – What’s Next?

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 traded.

iShares Ethereum Trust ETF Stock Down 4.6%

The business’s fifty day moving average is $26.60 and its 200 day moving average is $26.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETHA. Brookstone Capital Management raised its holdings in shares of iShares Ethereum Trust ETF by 7.6% in the 2nd quarter. Brookstone Capital Management now owns 18,297 shares of the company’s stock valued at $349,000 after purchasing an additional 1,291 shares during the period. Creative Planning lifted its holdings in iShares Ethereum Trust ETF by 18.5% during the 2nd quarter. Creative Planning now owns 53,541 shares of the company’s stock worth $1,021,000 after purchasing an additional 8,340 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in iShares Ethereum Trust ETF by 46.5% in the 2nd quarter. Freestone Capital Holdings LLC now owns 36,787 shares of the company’s stock valued at $702,000 after purchasing an additional 11,680 shares during the period. Parallel Advisors LLC increased its position in iShares Ethereum Trust ETF by 58.5% during the 2nd quarter. Parallel Advisors LLC now owns 14,372 shares of the company’s stock worth $274,000 after buying an additional 5,305 shares during the period. Finally, CWM LLC boosted its position in shares of iShares Ethereum Trust ETF by 74.3% in the second quarter. CWM LLC now owns 34,814 shares of the company’s stock valued at $664,000 after acquiring an additional 14,842 shares during the period.

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.