Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Shares Down 2.7% – Here’s Why

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) shares fell 2.7% on Friday . The company traded as low as $38.99 and last traded at $39.01. 1,938 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 6,818 shares. The stock had previously closed at $40.09.

Bitwise Ethereum Strategy ETF Price Performance

The stock’s fifty day moving average is $30.51 and its two-hundred day moving average is $34.86.

Institutional Investors Weigh In On Bitwise Ethereum Strategy ETF

An institutional investor recently raised its position in Bitwise Ethereum Strategy ETF stock. Global Retirement Partners LLC increased its holdings in Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 46.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,101 shares of the company’s stock after acquiring an additional 3,532 shares during the period. Global Retirement Partners LLC owned about 3.70% of Bitwise Ethereum Strategy ETF worth $411,000 at the end of the most recent quarter.

Bitwise Ethereum Strategy ETF Company Profile

The Bitwise Ethereum Strategy ETF (AETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is an actively managed fund that that seeks capital appreciation by providing Ethereum-linked exposure. The fund exclusively invests in ether futures contracts AETH was launched on Sep 29, 2023 and is issued by Bitwise.