2x Ether ETF (BATS:ETHU) Stock Price Down 3.1% – Time to Sell?

2x Ether ETF (BATS:ETHU) shares were down 3.1% during mid-day trading on Tuesday . The company traded as low as $12.21 and last traded at $12.91. Approximately 7,112,890 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 6,560,824 shares. The stock had previously closed at $13.32.

2x Ether ETF Price Performance

The business has a 50-day moving average of $22.87 and a 200-day moving average of $35.34.

Institutional Trading of 2x Ether ETF

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in 2x Ether ETF by 78.8% in the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock worth $55,000 after buying an additional 1,080 shares during the last quarter. DGS Capital Management LLC bought a new stake in 2x Ether ETF in the first quarter worth $274,000. FNY Investment Advisers LLC bought a new stake in 2x Ether ETF in the third quarter worth $844,000. Jump Financial LLC bought a new stake in 2x Ether ETF in the fourth quarter worth $2,297,000. Finally, DRW Securities LLC lifted its position in 2x Ether ETF by 8,918.1% in the fourth quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock worth $22,085,000 after buying an additional 399,265 shares during the last quarter.

About 2x Ether ETF

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.