Shares of 2x Ether ETF (BATS:ETHU – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.66 and traded as high as $24.46. 2x Ether ETF shares last traded at $23.94, with a volume of 6,788,253 shares.
2x Ether ETF Trading Up 11.6%
The business has a fifty day moving average price of $26.37 and a 200-day moving average price of $23.66.
Hedge Funds Weigh In On 2x Ether ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in shares of 2x Ether ETF by 78.8% during the 1st quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock valued at $55,000 after acquiring an additional 1,080 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Ether ETF in the third quarter worth approximately $235,000. Finally, DGS Capital Management LLC purchased a new position in shares of 2x Ether ETF during the first quarter valued at approximately $274,000.
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.
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