2x Ether ETF (BATS:ETHU) Shares Down 5.3% – Here’s What Happened

2x Ether ETF (BATS:ETHU)’s share price traded down 5.3% on Thursday . The company traded as low as $15.70 and last traded at $15.81. Approximately 4,538,224 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 6,453,941 shares. The stock had previously closed at $16.69.

2x Ether ETF Trading Down 5.3%

The stock has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $26.21.

Institutional Investors Weigh In On 2x Ether ETF

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in 2x Ether ETF by 78.8% in the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock valued at $55,000 after purchasing an additional 1,080 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of 2x Ether ETF during the 1st quarter worth approximately $274,000. Jump Financial LLC purchased a new stake in shares of 2x Ether ETF during the 4th quarter worth approximately $2,297,000. Finally, DRW Securities LLC boosted its holdings in shares of 2x Ether ETF by 8,918.1% in the 4th quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock valued at $22,085,000 after buying an additional 399,265 shares in the last quarter.

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.