IMC Chicago LLC Purchases New Shares in Ultra Ether ETF $ETHT

IMC Chicago LLC acquired a new position in shares of Ultra Ether ETF (NYSEARCA:ETHT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 91,126 shares of the company’s stock, valued at approximately $1,365,000. IMC Chicago LLC owned about 0.62% of Ultra Ether ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETHT. Bogart Wealth LLC bought a new position in shares of Ultra Ether ETF in the first quarter worth about $30,000. Tower Research Capital LLC TRC grew its stake in shares of Ultra Ether ETF by 50.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $65,000 after purchasing an additional 546 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in shares of Ultra Ether ETF during the first quarter valued at approximately $175,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Ultra Ether ETF in the fourth quarter valued at approximately $210,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Ultra Ether ETF in the third quarter valued at approximately $282,000.

Ultra Ether ETF Stock Performance

ETHT stock opened at $10.89 on Thursday. The company has a 50 day moving average price of $11.20 and a 200 day moving average price of $18.59. Ultra Ether ETF has a fifty-two week low of $7.07 and a fifty-two week high of $131.74.

About Ultra Ether ETF

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.