2x Ether ETF (NYSEARCA:ETHU) Sets New 52-Week Low – Here’s Why

Shares of 2x Ether ETF (NYSEARCA:ETHUGet Free Report) hit a new 52-week low on Tuesday . The company traded as low as $18.30 and last traded at $18.82, with a volume of 5589124 shares trading hands. The stock had previously closed at $21.18.

2x Ether ETF Stock Down 11.1%

The firm has a 50 day simple moving average of $45.71 and a 200-day simple moving average of $90.57.

Institutional Investors Weigh In On 2x Ether ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC boosted its stake in 2x Ether ETF by 8,918.1% in the fourth quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock valued at $22,085,000 after acquiring an additional 399,265 shares in the last quarter. Jump Financial LLC acquired a new position in shares of 2x Ether ETF during the second quarter worth $5,094,000. Flow Traders U.S. LLC purchased a new stake in shares of 2x Ether ETF during the 2nd quarter valued at $2,071,000. FNY Investment Advisers LLC acquired a new stake in shares of 2x Ether ETF in the 3rd quarter worth $844,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Ether ETF in the 3rd quarter worth $690,000.

2x Ether ETF Company Profile

(Get Free Report)

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.

Further Reading

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