iShares Ethereum Trust ETF Target of Unusually High Options Trading (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) saw some unusual options trading activity on Wednesday. Traders purchased 32,035 call options on the company. This represents an increase of approximately 269% compared to the typical daily volume of 8,678 call options.

iShares Ethereum Trust ETF Stock Performance

Shares of ETHA stock opened at $13.96 on Friday. iShares Ethereum Trust ETF has a twelve month low of $10.99 and a twelve month high of $31.18. The firm has a fifty day simple moving average of $14.14 and a 200-day simple moving average of $20.50.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

A number of hedge funds have recently bought and sold shares of the business. Brevan Howard Capital Management LP bought a new stake in iShares Ethereum Trust ETF during the fourth quarter valued at $94,155,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter worth approximately $85,177,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of iShares Ethereum Trust ETF during the 4th quarter valued at $65,632,000. Millennium Management LLC lifted its holdings in iShares Ethereum Trust ETF by 156.2% in the 4th quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock valued at $105,339,000 after acquiring an additional 2,539,619 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in iShares Ethereum Trust ETF in the fourth quarter worth approximately $49,847,000.

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.