iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $20.17, but opened at $17.50. iShares Ethereum Trust ETF shares last traded at $17.91, with a volume of 40,679,904 shares trading hands.

iShares Ethereum Trust ETF Trading Down 12.3%

The stock’s fifty day moving average is $22.97 and its 200-day moving average is $27.67.

Institutional Trading of iShares Ethereum Trust ETF

Several institutional investors have recently bought and sold shares of ETHA. Inscription Capital LLC purchased a new stake in iShares Ethereum Trust ETF during the 3rd quarter worth approximately $952,000. Copperleaf Capital LLC acquired a new stake in iShares Ethereum Trust ETF during the 3rd quarter worth $648,000. Global Retirement Partners LLC grew its holdings in shares of iShares Ethereum Trust ETF by 57.6% during the third quarter. Global Retirement Partners LLC now owns 109,269 shares of the company’s stock worth $3,443,000 after buying an additional 39,955 shares in the last quarter. Brookstone Capital Management raised its position in shares of iShares Ethereum Trust ETF by 7.6% in the second quarter. Brookstone Capital Management now owns 18,297 shares of the company’s stock valued at $349,000 after buying an additional 1,291 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of iShares Ethereum Trust ETF by 28.9% in the third quarter. Cerity Partners LLC now owns 1,009,622 shares of the company’s stock worth $31,813,000 after buying an additional 226,614 shares in the last quarter.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.