2x Ether ETF (BATS:ETHU) Shares Up 4.8% – Still a Buy?

2x Ether ETF (BATS:ETHU)’s share price rose 4.8% on Wednesday . The company traded as high as $12.16 and last traded at $11.96. 5,530,208 shares traded hands during trading, a decline of 15% from the average session volume of 6,540,169 shares. The stock had previously closed at $11.41.

2x Ether ETF Price Performance

The company’s fifty day moving average is $19.40 and its 200-day moving average is $30.68.

Institutional Trading of 2x Ether ETF

Several large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in 2x Ether ETF by 78.8% during the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock valued at $55,000 after acquiring an additional 1,080 shares during the last quarter. DGS Capital Management LLC purchased a new position in 2x Ether ETF in the first quarter worth about $274,000. FNY Investment Advisers LLC bought a new stake in shares of 2x Ether ETF during the 3rd quarter valued at about $844,000. Jump Financial LLC bought a new stake in shares of 2x Ether ETF during the 4th quarter valued at about $2,297,000. Finally, DRW Securities LLC increased its position in shares of 2x Ether ETF by 8,918.1% during the 4th quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock valued at $22,085,000 after purchasing an additional 399,265 shares during the last quarter.

2x Ether ETF Company Profile

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.