Ultra Ether ETF (NYSEARCA:ETHT) Shares Down 0.8% – What’s Next?

Ultra Ether ETF (NYSEARCA:ETHT)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $10.33 and last traded at $10.52. Approximately 1,427,633 shares were traded during trading, a decline of 28% from the average daily volume of 1,985,741 shares. The stock had previously closed at $10.60.

Ultra Ether ETF Price Performance

The firm’s fifty day moving average price is $9.61 and its 200 day moving average price is $15.13.

Hedge Funds Weigh In On Ultra Ether ETF

A number of large investors have recently bought and sold shares of the business. IMC Chicago LLC bought a new stake in Ultra Ether ETF during the 1st quarter valued at $1,365,000. 180 Wealth Advisors LLC bought a new position in shares of Ultra Ether ETF in the 1st quarter worth $175,000. Integrated Advisors Network LLC purchased a new stake in shares of Ultra Ether ETF during the 1st quarter worth $388,000. Bogart Wealth LLC bought a new stake in Ultra Ether ETF during the first quarter valued at about $30,000. Finally, DRW Securities LLC grew its stake in Ultra Ether ETF by 1,188.3% in the fourth quarter. DRW Securities LLC now owns 159,999 shares of the company’s stock valued at $6,013,000 after purchasing an additional 147,580 shares during the last quarter.

About Ultra Ether ETF

The ProShares Ultra Ether ETF (ETHT) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks 2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.