Ultra Ether ETF (NYSEARCA:ETHT) Shares Up 3.8% – What’s Next?

Ultra Ether ETF (NYSEARCA:ETHT) shot up 3.8% during mid-day trading on Wednesday . The stock traded as high as $15.36 and last traded at $15.20. 1,844,786 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 2,079,107 shares. The stock had previously closed at $14.65.

Ultra Ether ETF Price Performance

The firm’s 50-day moving average price is $25.92 and its 200 day moving average price is $54.96.

Ultra Ether ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0183 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Ultra Ether ETF

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Ultra Ether ETF by 50.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $65,000 after acquiring an additional 546 shares during the last quarter. Simplex Trading LLC raised its stake in Ultra Ether ETF by 226.3% in the 2nd quarter. Simplex Trading LLC now owns 4,885 shares of the company’s stock valued at $192,000 after purchasing an additional 3,388 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Ultra Ether ETF in the 4th quarter valued at about $210,000. Beaumont Financial Advisors LLC purchased a new position in Ultra Ether ETF in the 3rd quarter valued at about $230,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Ultra Ether ETF during the 3rd quarter worth about $231,000.

About Ultra Ether ETF

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.