UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $28.75 and traded as high as $32.34. UltraShort Ether ETF shares last traded at $32.17, with a volume of 896,323 shares traded.
UltraShort Ether ETF Stock Up 14.5%
The stock has a fifty day moving average of $28.75 and a 200-day moving average of $55.77.
Hedge Funds Weigh In On UltraShort Ether ETF
A hedge fund recently bought a new stake in UltraShort Ether ETF stock. IMC Chicago LLC acquired a new position in shares of UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,633 shares of the company’s stock, valued at approximately $1,675,000. IMC Chicago LLC owned 1.65% of UltraShort Ether ETF at the end of the most recent quarter.
About UltraShort Ether ETF
The ProShares UltraShort Ether ETF (ETHD) 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 inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.
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