iShares Ethereum Trust ETF (NASDAQ:ETHA) Trading 9.2% Higher – Here’s Why

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price shot up 9.2% on Wednesday . The company traded as high as $16.30 and last traded at $16.30. 33,521,635 shares were traded during mid-day trading, a decline of 25% from the average session volume of 44,603,609 shares. The stock had previously closed at $14.93.

iShares Ethereum Trust ETF Stock Performance

The firm’s fifty day moving average price is $19.61 and its 200-day moving average price is $25.49.

Institutional Trading of iShares Ethereum Trust ETF

Hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC raised its holdings in iShares Ethereum Trust ETF by 141.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after buying an additional 6,283,778 shares during the last quarter. Capula Management Ltd increased its position in iShares Ethereum Trust ETF by 65.6% in the 3rd quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock valued at $279,446,000 after acquiring an additional 3,513,685 shares during the period. Farallon Capital Management LLC acquired a new position in shares of iShares Ethereum Trust ETF during the third quarter worth $234,773,000. Harvard Management Co. Inc. acquired a new position in shares of iShares Ethereum Trust ETF during the fourth quarter worth $86,824,000. Finally, Macquarie Group Ltd. grew its stake in shares of iShares Ethereum Trust ETF by 182.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after purchasing an additional 2,347,070 shares during the last quarter.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.