2x Ether ETF (BATS:ETHU) Trading Up 4.8% – Here’s Why

2x Ether ETF (BATS:ETHU)’s stock price traded up 4.8% on Wednesday . The stock traded as high as $12.16 and last traded at $11.96. 5,530,208 shares changed hands during trading, a decline of 15% from the average session volume of 6,540,169 shares. The stock had previously closed at $11.41.

2x Ether ETF Stock Performance

The stock’s 50 day simple moving average is $19.13 and its 200-day simple moving average is $30.31.

Institutional Investors Weigh In On 2x Ether ETF

A number of large investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in 2x Ether ETF by 78.8% in the 1st quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock worth $55,000 after acquiring an additional 1,080 shares during the last quarter. DGS Capital Management LLC purchased a new stake in 2x Ether ETF during the 1st quarter valued at about $274,000. FNY Investment Advisers LLC acquired a new position in shares of 2x Ether ETF in the third quarter valued at about $844,000. Jump Financial LLC acquired a new position in shares of 2x Ether ETF in the fourth quarter valued at about $2,297,000. Finally, DRW Securities LLC increased its holdings in shares of 2x Ether ETF by 8,918.1% in the fourth 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 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.