Ultra Ether ETF (NYSEARCA:ETHT) Trading Up 0.7% – Here’s Why

Shares of Ultra Ether ETF (NYSEARCA:ETHT) rose 0.7% on Tuesday . The company traded as high as $14.75 and last traded at $13.83. Approximately 1,197,164 shares changed hands during trading, a decline of 40% from the average daily volume of 2,011,277 shares. The stock had previously closed at $13.74.

Ultra Ether ETF Stock Performance

The business has a fifty day moving average of $16.50 and a two-hundred day moving average of $27.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC acquired a new position in Ultra Ether ETF in the 4th quarter valued at $1,101,000. IMC Chicago LLC acquired a new position in Ultra Ether ETF in the 1st quarter valued at $1,365,000. Group One Trading LLC grew its holdings in Ultra Ether ETF by 868.2% in the 2nd quarter. Group One Trading LLC now owns 7,610 shares of the company’s stock valued at $300,000 after buying an additional 6,824 shares in the last quarter. DRW Securities LLC grew its holdings in Ultra Ether ETF by 1,188.3% in the 4th quarter. DRW Securities LLC now owns 159,999 shares of the company’s stock valued at $6,013,000 after buying an additional 147,580 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Ultra Ether ETF during the 4th quarter valued at $2,011,000.

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.