2x Ether ETF (BATS:ETHU) Trading Down 3.1% – What’s Next?

2x Ether ETF (BATS:ETHU) shares fell 3.1% during mid-day trading on Tuesday . The company traded as low as $12.21 and last traded at $12.91. 7,112,890 shares changed hands during trading, an increase of 8% from the average session volume of 6,560,824 shares. The stock had previously closed at $13.32.

2x Ether ETF Price Performance

The business’s 50-day moving average is $23.22 and its two-hundred day moving average is $35.93.

Institutional Trading of 2x Ether ETF

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of 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 buying an additional 1,080 shares during the period. DGS Capital Management LLC bought a new stake in shares of 2x Ether ETF during the first quarter worth $274,000. Jump Financial LLC bought a new stake in shares of 2x Ether ETF during the fourth quarter worth $2,297,000. DRW Securities LLC increased its position in shares of 2x Ether ETF by 8,918.1% during the fourth quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock worth $22,085,000 after acquiring an additional 399,265 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of 2x Ether ETF during the third quarter worth $844,000.

About 2x Ether ETF

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.