Shares of 2x Ether ETF (NYSEARCA:ETHU – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $20.85, but opened at $23.02. 2x Ether ETF shares last traded at $23.28, with a volume of 3,900,435 shares.
2x Ether ETF Stock Down 5.6%
The firm has a fifty day moving average of $40.67 and a 200-day moving average of $83.79.
Institutional Investors Weigh In On 2x Ether ETF
Several institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new stake in shares of 2x Ether ETF during the second quarter worth approximately $2,071,000. Jump Financial LLC acquired a new position in shares of 2x Ether ETF in the 2nd quarter valued at $5,094,000. Farther Finance Advisors LLC acquired a new position in shares of 2x Ether ETF in the 3rd quarter valued at $28,000. Kingswood Wealth Advisors LLC bought a new position in shares of 2x Ether ETF in the 3rd quarter worth $690,000. Finally, Beaumont Financial Advisors LLC bought a new position in shares of 2x Ether ETF in the 3rd quarter worth $376,000.
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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