Renaissance Technologies LLC acquired a new stake in shares of UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,100 shares of the company’s stock, valued at approximately $1,453,000. Renaissance Technologies LLC owned approximately 1.43% of UltraShort Ether ETF at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETHD. MYDA Advisors LLC bought a new stake in shares of UltraShort Ether ETF in the 4th quarter worth approximately $1,188,000. IMC Chicago LLC bought a new position in UltraShort Ether ETF during the 1st quarter valued at approximately $1,675,000. Susquehanna International Group LLP raised its stake in UltraShort Ether ETF by 23.3% during the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after buying an additional 25,540 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in UltraShort Ether ETF in the third quarter worth $901,000. Finally, Group One Trading LLC bought a new stake in UltraShort Ether ETF in the third quarter worth $172,000.
UltraShort Ether ETF Stock Performance
Shares of NYSEARCA:ETHD opened at $59.02 on Thursday. The business has a fifty day moving average price of $72.25 and a 200-day moving average price of $66.92. UltraShort Ether ETF has a 1-year low of $27.60 and a 1-year high of $106.80.
UltraShort Ether ETF Company Profile
The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.
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