2x Ether ETF (BATS:ETHU) Trading Up 0.6% – Here’s Why

Shares of 2x Ether ETF (BATS:ETHU) were up 0.6% during trading on Friday . The stock traded as high as $27.05 and last traded at $26.84. Approximately 3,291,467 shares changed hands during trading, a decline of 54% from the average daily volume of 7,138,719 shares. The stock had previously closed at $26.69.

2x Ether ETF Stock Performance

The firm’s 50-day moving average is $23.59 and its 200 day moving average is $53.91.

Institutional Investors Weigh In On 2x Ether ETF

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in shares of 2x Ether ETF in the third quarter worth $28,000. Beaumont Financial Advisors LLC acquired a new stake in shares of 2x Ether ETF in the third quarter worth $376,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Ether ETF in the third quarter worth $690,000. FNY Investment Advisers LLC acquired a new stake in shares of 2x Ether ETF in the third quarter worth $844,000. Finally, Jump Financial LLC acquired a new stake in shares of 2x Ether ETF in the fourth quarter worth $2,297,000.

2x Ether ETF Company Profile

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.