2x Ether ETF (NYSEARCA:ETHU) Shares Gap Down – What’s Next?

2x Ether ETF (NYSEARCA:ETHU)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $54.95, but opened at $53.30. 2x Ether ETF shares last traded at $52.73, with a volume of 1,408,525 shares traded.

2x Ether ETF Price Performance

The stock’s 50-day simple moving average is $73.45 and its 200 day simple moving average is $101.31.

Institutional Investors Weigh In On 2x Ether ETF

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in 2x Ether ETF during the 3rd quarter valued at $844,000. Beaumont Financial Advisors LLC acquired a new stake in shares of 2x Ether ETF in the third quarter valued at $376,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Ether ETF in the third quarter valued at $690,000. Farther Finance Advisors LLC bought a new position in shares of 2x Ether ETF in the third quarter valued at about $28,000. Finally, Jump Financial LLC acquired a new position in 2x Ether ETF during the 2nd quarter worth about $5,094,000.

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.