2x Ether ETF (NYSEARCA:ETHU) Shares Gap Up – Still a Buy?

2x Ether ETF (NYSEARCA:ETHU) shares gapped up prior to trading on Monday . The stock had previously closed at $49.66, but opened at $51.85. 2x Ether ETF shares last traded at $53.56, with a volume of 2,934,611 shares traded.

2x Ether ETF Price Performance

The business has a fifty day simple moving average of $107.89 and a 200-day simple moving average of $102.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in shares of 2x Ether ETF during the third quarter worth $28,000. Beaumont Financial Advisors LLC acquired a new stake in 2x Ether ETF in the third quarter valued at $376,000. Silverleafe Capital Partners LLC bought a new position in 2x Ether ETF during the 2nd quarter worth $223,000. Kingswood Wealth Advisors LLC acquired a new position in 2x Ether ETF during the 3rd quarter worth about $690,000. Finally, Flow Traders U.S. LLC acquired a new position in 2x Ether ETF during the 2nd quarter worth about $2,071,000.

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.