iShares Ethereum Trust ETF (NASDAQ:ETHA) Trading 5.8% Higher – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA) shot up 5.8% during mid-day trading on Friday . The stock traded as high as $19.60 and last traded at $19.5460. Approximately 33,057,566 shares changed hands during trading, a decline of 10% from the average session volume of 36,601,680 shares. The stock had previously closed at $18.47.

iShares Ethereum Trust ETF Price Performance

The firm has a 50-day moving average of $16.07 and a 200 day moving average of $15.61.

iShares Ethereum Trust ETF shares are scheduled to reverse split on Tuesday, October 6th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 5th.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its holdings in iShares Ethereum Trust ETF by 182.4% during the fourth quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after purchasing an additional 2,347,070 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in iShares Ethereum Trust ETF by 380.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 102,603 shares of the company’s stock valued at $2,301,000 after purchasing an additional 81,247 shares in the last quarter. IFP Advisors Inc increased its position in shares of iShares Ethereum Trust ETF by 309.6% during the 4th quarter. IFP Advisors Inc now owns 65,484 shares of the company’s stock valued at $1,469,000 after purchasing an additional 49,495 shares during the period. Cora Capital Advisors LLC increased its position in shares of iShares Ethereum Trust ETF by 522.3% during the 1st quarter. Cora Capital Advisors LLC now owns 60,804 shares of the company’s stock valued at $963,000 after purchasing an additional 51,033 shares during the period. Finally, Palatine Hill Wealth Management LLC bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter worth $2,494,000.

iShares Ethereum Trust ETF Company Profile

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.