Ultra Ether ETF (NYSEARCA:ETHT) Stock Price Up 2% – Here’s What Happened

Ultra Ether ETF (NYSEARCA:ETHT) shares were up 2% during trading on Tuesday . The company traded as high as $38.52 and last traded at $37.22. Approximately 784,772 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,009,765 shares. The stock had previously closed at $36.49.

Ultra Ether ETF Stock Up 2.0%

The firm has a fifty day simple moving average of $48.45 and a 200-day simple moving average of $70.53.

Institutional Investors Weigh In On Ultra Ether ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Ultra Ether ETF by 50.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $65,000 after purchasing an additional 546 shares during the period. Simplex Trading LLC grew its holdings in shares of Ultra Ether ETF by 226.3% during the second quarter. Simplex Trading LLC now owns 4,885 shares of the company’s stock worth $192,000 after buying an additional 3,388 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new stake in Ultra Ether ETF in the 3rd quarter valued at approximately $230,000. 180 Wealth Advisors LLC bought a new stake in Ultra Ether ETF in the 3rd quarter valued at approximately $231,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Ultra Ether ETF during the 3rd quarter worth approximately $282,000.

Ultra Ether ETF Company Profile

The ProShares Ultra Ether ETF (ETHT) 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 leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.