2x Ether ETF (NYSEARCA:ETHU) Trading Up 6.9% – Should You Buy?

2x Ether ETF (NYSEARCA:ETHU) shares were up 6.9% on Wednesday . The stock traded as high as $63.50 and last traded at $61.06. Approximately 3,266,974 shares traded hands during trading, a decline of 25% from the average daily volume of 4,340,187 shares. The stock had previously closed at $57.11.

2x Ether ETF Price Performance

The firm has a fifty day simple moving average of $99.05 and a two-hundred day simple moving average of $102.32.

Institutional Trading of 2x Ether ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of 2x Ether ETF during the 3rd quarter worth approximately $28,000. Beaumont Financial Advisors LLC bought a new stake in shares of 2x Ether ETF during the third quarter valued at approximately $376,000. Silverleafe Capital Partners LLC bought a new stake in shares of 2x Ether ETF during the second quarter valued at approximately $223,000. Kingswood Wealth Advisors LLC purchased a new stake in 2x Ether ETF in the third quarter worth $690,000. Finally, Flow Traders U.S. LLC bought a new position in 2x Ether ETF in the second quarter worth $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.