UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $28.75 and traded as high as $32.34. UltraShort Ether ETF shares last traded at $32.17, with a volume of 896,323 shares.
UltraShort Ether ETF Price Performance
The company’s 50-day simple moving average is $28.78 and its 200 day simple moving average is $55.70.
Institutional Trading of UltraShort Ether ETF
A hedge fund recently bought a new stake in UltraShort Ether ETF stock. Renaissance Technologies LLC bought a new position in shares of UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,100 shares of the company’s stock, valued at approximately $1,453,000. Renaissance Technologies LLC owned approximately 1.43% of UltraShort Ether ETF at the end of the most recent reporting period.
About UltraShort Ether ETF
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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