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

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price 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 Performance

The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $26.85.

Institutional Trading of iShares Ethereum Trust ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ETHA. Schonfeld Strategic Advisors LLC boosted its holdings in iShares Ethereum Trust ETF by 141.9% in the third 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. Capula Management Ltd grew its position in shares of iShares Ethereum Trust ETF by 65.6% during the third quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock worth $279,446,000 after buying an additional 3,513,685 shares in the last quarter. Farallon Capital Management LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the third quarter worth approximately $234,773,000. Jane Street Group LLC raised its holdings in iShares Ethereum Trust ETF by 963.1% in the first quarter. Jane Street Group LLC now owns 3,052,081 shares of the company’s stock valued at $42,180,000 after acquiring an additional 2,764,987 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in iShares Ethereum Trust ETF in the second quarter valued at approximately $28,605,000.

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.