UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $30.15 and traded as high as $32.72. UltraShort Ether ETF shares last traded at $32.05, with a volume of 660,906 shares.
UltraShort Ether ETF Trading Up 6.4%
The stock’s fifty day moving average is $30.15 and its 200 day moving average is $56.19.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in UltraShort Ether ETF stock. Renaissance Technologies LLC acquired a new stake in shares of UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,100 shares of the company’s stock, valued at approximately $1,453,000. Renaissance Technologies LLC owned about 1.43% of UltraShort Ether ETF at the end of the most recent quarter.
UltraShort Ether ETF Company Profile
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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