iShares Ethereum Trust ETF (NASDAQ:ETHA) Sees Strong Trading Volume – What’s Next?

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) saw unusually-high trading volume on Friday . 22,132,512 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 35,838,094 shares.The stock last traded at $19.7360 and had previously closed at $18.56.

iShares Ethereum Trust ETF Price Performance

The company has a 50-day simple moving average of $15.53 and a 200-day simple moving average of $15.47.

iShares Ethereum Trust ETF’s stock is scheduled to reverse split before the market opens on Tuesday, October 6th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 5th.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several hedge funds have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC boosted its holdings in iShares Ethereum Trust ETF by 141.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after purchasing an additional 6,283,778 shares during the period. Harvard Management Co. Inc. bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter valued at $86,824,000. Macquarie Group Ltd. raised its stake in iShares Ethereum Trust ETF by 182.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after buying an additional 2,347,070 shares during the period. Cerity Partners LLC grew its stake in shares of iShares Ethereum Trust ETF by 123.8% in the 4th quarter. Cerity Partners LLC now owns 2,259,563 shares of the company’s stock worth $50,682,000 after acquiring an additional 1,249,941 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of iShares Ethereum Trust ETF by 14.0% during the 4th quarter. LPL Financial LLC now owns 1,414,123 shares of the company’s stock valued at $31,719,000 after acquiring an additional 174,036 shares during the period.

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.