Ultra Ether ETF (NYSEARCA:ETHT) Shares Up 13.5% – Should You Buy?

Ultra Ether ETF (NYSEARCA:ETHT)’s share price traded up 13.5% during mid-day trading on Friday . The company traded as high as $15.87 and last traded at $15.48. 2,109,180 shares traded hands during trading, an increase of 2% from the average session volume of 2,070,865 shares. The stock had previously closed at $13.64.

Ultra Ether ETF Stock Up 13.5%

The business’s fifty day simple moving average is $34.86 and its 200 day simple moving average is $65.70.

Ultra Ether ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0201 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ETHT. Tower Research Capital LLC TRC boosted 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 worth $65,000 after acquiring an additional 546 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of Ultra Ether ETF by 6.5% during the third quarter. Mutual Advisors LLC now owns 20,747 shares of the company’s stock valued at $1,867,000 after acquiring an additional 1,267 shares in the last quarter. Beaumont Financial Advisors LLC bought a new stake in shares of Ultra Ether ETF during the third quarter valued at approximately $230,000. 180 Wealth Advisors LLC acquired a new position in shares of Ultra Ether ETF during the third quarter worth approximately $231,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Ultra Ether ETF in the 3rd quarter worth $282,000.

About Ultra Ether ETF

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.