iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Should You Buy?

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped up before the market opened on Wednesday . The stock had previously closed at $14.03, but opened at $14.90. iShares Ethereum Trust ETF shares last traded at $15.05, with a volume of 12,470,959 shares trading hands.

iShares Ethereum Trust ETF Price Performance

The firm’s 50-day simple moving average is $20.29 and its 200 day simple moving average is $26.15.

Institutional Trading of iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETHA. Bank of America Corp DE bought a new position in shares of iShares Ethereum Trust ETF in the fourth quarter valued at $94,000. NewEdge Advisors LLC acquired a new position in shares of iShares Ethereum Trust ETF in the 1st quarter worth $174,000. Brookstone Capital Management raised its position in shares of iShares Ethereum Trust ETF by 7.6% during the second quarter. Brookstone Capital Management now owns 18,297 shares of the company’s stock worth $349,000 after purchasing an additional 1,291 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of iShares Ethereum Trust ETF by 6.6% during the second quarter. Impact Partnership Wealth LLC now owns 49,316 shares of the company’s stock valued at $940,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of iShares Ethereum Trust ETF by 24.9% during the second quarter. Wolverine Asset Management LLC now owns 900,834 shares of the company’s stock valued at $17,179,000 after purchasing an additional 179,580 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.