iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares gapped up prior to trading on Monday . The stock had previously closed at $12.57, but opened at $13.73. iShares Ethereum Trust ETF shares last traded at $13.70, with a volume of 10,402,906 shares changing hands.

iShares Ethereum Trust ETF Stock Performance

The business’s 50 day simple moving average is $16.01 and its 200 day simple moving average is $18.19.

Institutional Trading of iShares Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ETHA. Schonfeld Strategic Advisors LLC grew its position in iShares Ethereum Trust ETF by 141.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock worth $337,554,000 after acquiring an additional 6,283,778 shares during the period. Capula Management Ltd lifted its stake in shares of 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 purchasing an additional 3,513,685 shares during the last quarter. Farallon Capital Management LLC purchased a new position in shares of iShares Ethereum Trust ETF during the 3rd quarter worth $234,773,000. Harvard Management Co. Inc. purchased a new position in shares of iShares Ethereum Trust ETF during the 4th quarter worth $86,824,000. Finally, Macquarie Group Ltd. increased its position in shares of iShares Ethereum Trust ETF by 182.4% during the 4th 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.

iShares Ethereum Trust ETF Company Profile

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.