Shares of Ultra Ether ETF (NYSEARCA:ETHT – Get Free Report) rose 2% on Tuesday . The stock traded as high as $38.52 and last traded at $37.22. Approximately 784,772 shares traded hands during trading, a decline of 22% from the average daily volume of 1,009,765 shares. The stock had previously closed at $36.49.
Ultra Ether ETF Price Performance
The stock’s 50-day moving average price is $48.45 and its 200-day moving average price is $70.53.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Mutual Advisors LLC boosted its stake in shares of Ultra Ether ETF by 92.5% in the second quarter. Mutual Advisors LLC now owns 19,480 shares of the company’s stock valued at $769,000 after buying an additional 9,359 shares during the period. Simplex Trading LLC raised its holdings 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 acquiring an additional 3,388 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Ultra Ether ETF during the 2nd quarter valued at $2,713,000. Group One Trading LLC grew its holdings in shares of Ultra Ether ETF by 868.2% during the 2nd quarter. Group One Trading LLC now owns 7,610 shares of the company’s stock worth $300,000 after purchasing an additional 6,824 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Ultra Ether ETF by 50.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock worth $65,000 after purchasing an additional 546 shares in the last quarter.
Ultra Ether ETF Company Profile
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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