iShares Ethereum Trust ETF Sees Unusually High Options Volume (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the target of some unusual options trading activity on Thursday. Investors bought 162,777 put options on the company. This is an increase of approximately 27% compared to the typical volume of 128,198 put options.

iShares Ethereum Trust ETF Stock Performance

Shares of NASDAQ ETHA traded down $0.33 during mid-day trading on Thursday, hitting $12.74. 11,593,817 shares of the stock were exchanged, compared to its average volume of 36,665,230. iShares Ethereum Trust ETF has a twelve month low of $11.62 and a twelve month high of $36.80. The stock’s fifty day simple moving average is $15.95 and its two-hundred day simple moving average is $18.12.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC acquired a new stake in iShares Ethereum Trust ETF in the first quarter worth $175,000. Western Wealth Management LLC raised its holdings in iShares Ethereum Trust ETF by 100.3% in the first quarter. Western Wealth Management LLC now owns 21,834 shares of the company’s stock worth $346,000 after purchasing an additional 10,936 shares during the period. Bank of America Corp DE raised its holdings in iShares Ethereum Trust ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 67,492 shares of the company’s stock worth $1,068,000 after purchasing an additional 930 shares during the period. Arkadios Wealth Advisors raised its holdings in iShares Ethereum Trust ETF by 28.3% in the first quarter. Arkadios Wealth Advisors now owns 33,235 shares of the company’s stock worth $526,000 after purchasing an additional 7,324 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in iShares Ethereum Trust ETF by 42.7% in the first quarter. EverSource Wealth Advisors LLC now owns 14,323 shares of the company’s stock worth $227,000 after purchasing an additional 4,288 shares during the period.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.