Ultra Ether ETF (NYSEARCA:ETHT) Shares Down 7.2% – What’s Next?

Ultra Ether ETF (NYSEARCA:ETHTGet Free Report)’s stock price dropped 7.2% during trading on Thursday . The company traded as low as $13.76 and last traded at $14.51. Approximately 1,873,156 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 2,108,753 shares. The stock had previously closed at $15.63.

Ultra Ether ETF Price Performance

The stock has a fifty day simple moving average of $17.62 and a two-hundred day simple moving average of $45.39.

Ultra Ether ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0183 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in Ultra Ether ETF by 50.0% in 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 period. Beaumont Financial Advisors LLC acquired a new position in shares of Ultra Ether ETF during the 3rd quarter worth $230,000. 180 Wealth Advisors LLC purchased a new position in shares of Ultra Ether ETF in the 3rd quarter valued at about $231,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ultra Ether ETF in the 3rd quarter valued at about $282,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ultra Ether ETF in the third quarter valued at about $294,000.

Ultra Ether ETF Company Profile

(Get Free Report)

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.

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