2x Ether ETF (NYSEARCA:ETHU) Trading Up 7.4% – Should You Buy?

2x Ether ETF (NYSEARCA:ETHU) traded up 7.4% on Tuesday . The company traded as high as $63.59 and last traded at $63.38. 2,910,428 shares traded hands during trading, a decline of 42% from the average session volume of 5,049,922 shares. The stock had previously closed at $59.02.

2x Ether ETF Stock Up 6.8%

The stock has a 50 day moving average price of $61.38 and a 200 day moving average price of $101.82.

Institutional Trading of 2x Ether ETF

A number of hedge funds have recently made changes to their positions in ETHU. Farther Finance Advisors LLC bought a new stake in shares of 2x Ether ETF during the third quarter worth about $28,000. Silverleafe Capital Partners LLC acquired a new stake in 2x Ether ETF during the 2nd quarter worth approximately $223,000. Beaumont Financial Advisors LLC acquired a new stake in 2x Ether ETF during the 3rd quarter worth approximately $376,000. Kingswood Wealth Advisors LLC bought a new stake in 2x Ether ETF during the 3rd quarter worth approximately $690,000. Finally, FNY Investment Advisers LLC acquired a new position in 2x Ether ETF in the 3rd quarter valued at approximately $844,000.

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.