iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Still a Buy?

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped up before the market opened on Thursday . The stock had previously closed at $15.88, but opened at $17.25. iShares Ethereum Trust ETF shares last traded at $17.17, with a volume of 15,893,697 shares.

iShares Ethereum Trust ETF Trading Up 3.9%

The stock has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $15.16.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter worth about $94,000. NewEdge Advisors LLC acquired a new position in shares of iShares Ethereum Trust ETF in the first quarter valued at approximately $174,000. Raymond James Financial Inc. purchased a new position in shares of iShares Ethereum Trust ETF during the second quarter valued at approximately $255,000. Vienna Asset Management LLC purchased a new position in shares of iShares Ethereum Trust ETF during the second quarter valued at approximately $4,711,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of iShares Ethereum Trust ETF during the second quarter valued at approximately $806,000.

iShares Ethereum Trust ETF Company Profile

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.