Ultra Ether ETF (NYSEARCA:ETHT) Trading Up 3.8% – Time to Buy?

Ultra Ether ETF (NYSEARCA:ETHTGet Free Report)’s stock price rose 3.8% during trading on Wednesday . The stock traded as high as $15.36 and last traded at $15.20. Approximately 1,844,786 shares were traded during trading, a decline of 11% from the average daily volume of 2,079,107 shares. The stock had previously closed at $14.65.

Ultra Ether ETF Stock Up 3.0%

The company has a 50 day moving average of $24.96 and a 200-day moving average of $54.05.

Ultra Ether ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.0183 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.4%.

Institutional Investors Weigh In On Ultra Ether ETF

A number of large investors have recently made changes to their positions in ETHT. Flow Traders U.S. LLC purchased a new stake in Ultra Ether ETF in the second quarter worth $2,713,000. Simplex Trading LLC increased its position in Ultra Ether ETF by 226.3% during the 2nd quarter. Simplex Trading LLC now owns 4,885 shares of the company’s stock valued at $192,000 after purchasing an additional 3,388 shares during the period. Renaissance Technologies LLC purchased a new position in Ultra Ether ETF during the 4th quarter valued at $2,011,000. Marex Group plc bought a new position in Ultra Ether ETF in the 4th quarter worth $1,315,000. Finally, Group One Trading LLC raised its holdings in Ultra Ether ETF by 868.2% in the 2nd quarter. Group One Trading LLC now owns 7,610 shares of the company’s stock worth $300,000 after purchasing an additional 6,824 shares in the last quarter.

Ultra Ether ETF Company Profile

(Get Free Report)

The ProShares Ultra Ether ETF (ETHT) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks 2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.

Recommended Stories

Receive News & Ratings for Ultra Ether ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Ether ETF and related companies with MarketBeat.com's FREE daily email newsletter.