2x Ether ETF (BATS:ETHU) Shares Down 5.3% – What’s Next?

2x Ether ETF (BATS:ETHU) shares were down 5.3% on Thursday . The company traded as low as $15.70 and last traded at $15.81. Approximately 4,538,224 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 6,453,941 shares. The stock had previously closed at $16.69.

2x Ether ETF Trading Down 5.3%

The firm has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $26.21.

Institutional Trading of 2x Ether ETF

A number of large investors have recently made changes to their positions in ETHU. Parallel Advisors LLC grew its position in shares of 2x Ether ETF by 78.8% during the first quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock worth $55,000 after acquiring an additional 1,080 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of 2x Ether ETF in the 1st quarter valued at $274,000. Jump Financial LLC purchased a new stake in 2x Ether ETF in the 4th quarter valued at $2,297,000. Finally, DRW Securities LLC raised its position in 2x Ether ETF by 8,918.1% in 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.

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.