2x Ether ETF (BATS:ETHU) Trading Down 0.7% – Here’s What Happened

2x Ether ETF (BATS:ETHU)’s stock price was down 0.7% during trading on Friday . The stock traded as low as $15.39 and last traded at $15.70. Approximately 1,978,202 shares were traded during mid-day trading, a decline of 68% from the average session volume of 6,226,232 shares. The stock had previously closed at $15.81.

2x Ether ETF Stock Performance

The business has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $21.39.

Institutional Investors Weigh In On 2x Ether ETF

Several large investors have recently bought and sold shares of the stock. DRW Securities LLC raised its position in 2x Ether ETF by 8,918.1% in the 4th quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock valued at $22,085,000 after purchasing an additional 399,265 shares in the last quarter. Jump Financial LLC acquired a new position in shares of 2x Ether ETF during the fourth quarter worth about $2,297,000. DGS Capital Management LLC acquired a new position in shares of 2x Ether ETF during the first quarter worth about $274,000. Finally, Parallel Advisors LLC increased its stake in shares of 2x Ether ETF by 78.8% during 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 period.

2x Ether ETF Company Profile

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.