Renaissance Technologies LLC Takes Position in UltraShort Ether ETF $ETHD

Renaissance Technologies LLC purchased a new position in UltraShort Ether ETF (NYSEARCA:ETHD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,100 shares of the company’s stock, valued at approximately $1,453,000.

Several other hedge funds have also recently made changes to their positions in ETHD. StoneX Group Inc. purchased a new stake in UltraShort Ether ETF in the second quarter worth approximately $156,000. MYDA Advisors LLC purchased a new stake in UltraShort Ether ETF during the 4th quarter valued at $1,188,000. IMC Chicago LLC purchased a new stake in UltraShort Ether ETF during the 1st quarter valued at $1,675,000. Jane Street Group LLC lifted its holdings in shares of UltraShort Ether ETF by 23.5% during the 1st quarter. Jane Street Group LLC now owns 27,842 shares of the company’s stock valued at $1,510,000 after buying an additional 5,298 shares during the period. Finally, Group One Trading LLC bought a new position in shares of UltraShort Ether ETF during the 3rd quarter valued at $172,000.

UltraShort Ether ETF Stock Performance

ETHD stock opened at $59.02 on Thursday. UltraShort Ether ETF has a 1 year low of $27.60 and a 1 year high of $106.80. The stock’s fifty day moving average price is $72.25 and its 200-day moving average price is $66.92.

About UltraShort Ether ETF

The ProShares UltraShort Ether ETF (ETHD) 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 inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.