2x Ether ETF (NYSEARCA:ETHU – Get Free Report)’s stock price fell 6% during trading on Wednesday . The company traded as low as $60.71 and last traded at $61.00. 3,108,385 shares traded hands during trading, a decline of 52% from the average session volume of 6,448,826 shares. The stock had previously closed at $64.86.
2x Ether ETF Stock Down 2.4%
The firm’s 50 day simple moving average is $62.96 and its two-hundred day simple moving average is $101.04.
Institutional Investors Weigh In On 2x Ether ETF
Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in 2x Ether ETF during the third quarter worth approximately $28,000. Beaumont Financial Advisors LLC bought a new stake in shares of 2x Ether ETF during the 3rd quarter valued at $376,000. Silverleafe Capital Partners LLC acquired a new stake in shares of 2x Ether ETF during the 2nd quarter worth $223,000. Kingswood Wealth Advisors LLC bought a new position in shares of 2x Ether ETF in the third quarter worth $690,000. Finally, FNY Investment Advisers LLC bought a new position in shares of 2x Ether ETF in the third quarter worth $844,000.
2x Ether ETF Company Profile
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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