2x Ether ETF (NYSEARCA:ETHU) Reaches New 52-Week Low – Should You Sell?

2x Ether ETF (NYSEARCA:ETHU)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.30 and last traded at $18.82, with a volume of 5589124 shares trading hands. The stock had previously closed at $21.18.

2x Ether ETF Stock Performance

The business has a 50 day moving average price of $45.71 and a 200 day moving average price of $90.57.

Institutional Trading of 2x Ether ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new stake in shares of 2x Ether ETF during the second quarter worth $2,071,000. Jump Financial LLC purchased a new position in 2x Ether ETF in the 2nd quarter worth about $5,094,000. Farther Finance Advisors LLC purchased a new position in 2x Ether ETF in the 3rd quarter worth about $28,000. Kingswood Wealth Advisors LLC bought a new stake in 2x Ether ETF during the 3rd quarter valued at about $690,000. Finally, Beaumont Financial Advisors LLC bought a new stake in 2x Ether ETF during the 3rd quarter valued at about $376,000.

About 2x Ether ETF

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.