Stock Traders Buy High Volume of Call Options on iShares Ethereum Trust ETF (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) saw unusually large options trading on Tuesday. Traders purchased 53,783 call options on the stock. This is an increase of approximately 134% compared to the average daily volume of 22,967 call options.

iShares Ethereum Trust ETF Trading Up 5.2%

ETHA stock opened at $20.38 on Wednesday. iShares Ethereum Trust ETF has a 12-month low of $10.99 and a 12-month high of $31.18. The business’s fifty day moving average price is $14.92 and its 200 day moving average price is $20.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new position in iShares Ethereum Trust ETF during the 4th quarter worth approximately $25,000. Whittier Trust Co. raised its position in shares of iShares Ethereum Trust ETF by 319.4% in the 1st quarter. Whittier Trust Co. now owns 1,950 shares of the company’s stock worth $27,000 after buying an additional 1,485 shares during the period. Tortoise Investment Management LLC purchased a new position in iShares Ethereum Trust ETF in the first quarter valued at about $35,000. Ridgewood Investments LLC grew its stake in shares of iShares Ethereum Trust ETF by 101.6% during the first quarter. Ridgewood Investments LLC now owns 2,685 shares of the company’s stock valued at $37,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Tucker Asset Management LLC grew its stake in iShares Ethereum Trust ETF by 10,742.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,518 shares of the company’s stock worth $38,000 after purchasing an additional 1,504 shares in the last quarter.

iShares Ethereum Trust ETF Company Profile

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.