2x Ether ETF (NYSEARCA:ETHU) Trading 16% Higher – What’s Next?

2x Ether ETF (NYSEARCA:ETHUGet Free Report)’s share price was up 16% during mid-day trading on Monday . The company traded as high as $23.01 and last traded at $22.93. Approximately 4,632,364 shares traded hands during trading, a decline of 35% from the average daily volume of 7,085,077 shares. The stock had previously closed at $19.77.

2x Ether ETF Trading Up 13.2%

The stock’s fifty day moving average is $43.20 and its two-hundred day moving average is $86.63.

Institutional Investors Weigh In On 2x Ether ETF

A number of large investors have recently added to or reduced their stakes in ETHU. Farther Finance Advisors LLC bought a new position in 2x Ether ETF during the third quarter worth $28,000. Beaumont Financial Advisors LLC acquired a new stake in shares of 2x Ether ETF during the 3rd quarter worth about $376,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Ether ETF during the 3rd quarter worth about $690,000. FNY Investment Advisers LLC acquired a new position in 2x Ether ETF in the 3rd quarter valued at about $844,000. Finally, Flow Traders U.S. LLC acquired a new position in 2x Ether ETF in the 2nd quarter valued at about $2,071,000.

About 2x Ether ETF

(Get Free Report)

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.

Further Reading

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