2x Ether ETF (BATS:ETHU) Trading Up 3.8% – Here’s What Happened

2x Ether ETF (BATS:ETHU)’s share price was up 3.8% during mid-day trading on Wednesday . The company traded as high as $22.89 and last traded at $22.66. Approximately 5,764,952 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 7,416,574 shares. The stock had previously closed at $21.83.

2x Ether ETF Price Performance

The business’s 50-day moving average price is $37.44 and its 200 day moving average price is $79.13.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DRW Securities LLC increased its holdings in shares of 2x Ether ETF by 8,918.1% in the fourth quarter. DRW Securities LLC now owns 403,742 shares of the company’s stock worth $22,085,000 after purchasing an additional 399,265 shares during the period. Jump Financial LLC bought a new stake in 2x Ether ETF during the second quarter valued at $5,094,000. Flow Traders U.S. LLC bought a new stake in 2x Ether ETF during the second quarter valued at $2,071,000. FNY Investment Advisers LLC purchased a new position in 2x Ether ETF during the third quarter worth about $844,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in 2x Ether ETF during the third quarter worth about $690,000.

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.