Ultra Ether ETF (NYSEARCA:ETHT) Stock Price Up 0.9% – Time to Buy?

Ultra Ether ETF (NYSEARCA:ETHT)’s stock price rose 0.9% during trading on Thursday . The stock traded as high as $9.18 and last traded at $9.07. Approximately 1,402,707 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 2,063,278 shares. The stock had previously closed at $8.99.

Ultra Ether ETF Trading Up 0.9%

The stock has a fifty day moving average price of $11.80 and a two-hundred day moving average price of $19.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in shares of Ultra Ether ETF in the first quarter worth $30,000. Tower Research Capital LLC TRC raised its stake in shares of Ultra Ether ETF by 50.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $65,000 after purchasing an additional 546 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in Ultra Ether ETF in the first quarter worth about $175,000. Dynamic Advisor Solutions LLC acquired a new stake in Ultra Ether ETF in the fourth quarter worth about $210,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Ultra Ether ETF in the third quarter worth about $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.