2x Ether ETF (NYSEARCA:ETHU) Shares Gap Up – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $79.98, but opened at $86.00. 2x Ether ETF shares last traded at $82.20, with a volume of 2,281,680 shares.

2x Ether ETF Price Performance

The company’s fifty day moving average is $125.62 and its 200 day moving average is $100.76.

Institutional Trading of 2x Ether ETF

Several large investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC purchased a new stake in shares of 2x Ether ETF in the first quarter worth about $680,000. Silverleafe Capital Partners LLC purchased a new position in 2x Ether ETF in the 2nd quarter worth approximately $223,000. Flow Traders U.S. LLC acquired a new stake in 2x Ether ETF in the second quarter valued at approximately $2,071,000. Jump Financial LLC purchased a new position in shares of 2x Ether ETF in the second quarter valued at $5,094,000. Finally, Farther Finance Advisors LLC acquired a new stake in 2x Ether ETF during the 3rd quarter valued at $28,000.

2x Ether ETF Company Profile

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.