Traders Buy Large Volume of Call Options on iShares Ethereum Trust ETF (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the target of some unusual options trading on Thursday. Traders bought 240,692 call options on the company. This is an increase of approximately 50% compared to the typical volume of 160,163 call options.

Institutional Trading of iShares Ethereum Trust ETF

Institutional investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC increased its stake in shares of iShares Ethereum Trust ETF by 141.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after acquiring an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. bought a new position in iShares Ethereum Trust ETF during the fourth quarter worth $86,824,000. Macquarie Group Ltd. boosted its stake in iShares Ethereum Trust ETF by 182.4% during the fourth quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after acquiring an additional 2,347,070 shares in the last quarter. Cerity Partners LLC grew its holdings in iShares Ethereum Trust ETF by 123.8% in the fourth quarter. Cerity Partners LLC now owns 2,259,563 shares of the company’s stock worth $50,682,000 after purchasing an additional 1,249,941 shares during the period. Finally, LPL Financial LLC increased its stake in iShares Ethereum Trust ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 1,414,123 shares of the company’s stock valued at $31,719,000 after purchasing an additional 174,036 shares in the last quarter.

iShares Ethereum Trust ETF Stock Performance

iShares Ethereum Trust ETF stock traded up $0.95 during midday trading on Thursday, reaching $19.00. The company’s stock had a trading volume of 41,125,796 shares, compared to its average volume of 35,970,402. The business has a 50-day moving average price of $14.75 and a 200-day moving average price of $15.32. iShares Ethereum Trust ETF has a 52 week low of $11.52 and a 52 week high of $36.04.

Shares of iShares Ethereum Trust ETF are scheduled to reverse split on Tuesday, October 6th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 5th.

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.