iShares Ethereum Trust ETF (NASDAQ:ETHA) Stock Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $49.16 and traded as low as $47.73. iShares Ethereum Trust ETF shares last traded at $48.06, with a volume of 10,364,352 shares trading hands.

iShares Ethereum Trust ETF Trading Up 1.2%

The business’s 50-day simple moving average is $55.80 and its 200-day simple moving average is $48.97.

Institutional Trading of iShares Ethereum Trust ETF

Hedge funds have recently added to or reduced their stakes in the business. Galaxy Digital Inc. acquired a new position in shares of iShares Ethereum Trust ETF during the 1st quarter valued at about $12,955,000. NEOS Investment Management LLC grew its holdings in iShares Ethereum Trust ETF by 93.0% in the second quarter. NEOS Investment Management LLC now owns 1,277,512 shares of the company’s stock valued at $15,190,000 after purchasing an additional 615,600 shares during the period. Wealthfront Advisers LLC grew its holdings in iShares Ethereum Trust ETF by 42.5% in the first quarter. Wealthfront Advisers LLC now owns 1,227,230 shares of the company’s stock valued at $19,427,000 after purchasing an additional 366,092 shares during the period. Cetera Investment Advisers increased its position in iShares Ethereum Trust ETF by 86.1% during the first quarter. Cetera Investment Advisers now owns 569,924 shares of the company’s stock worth $9,022,000 after purchasing an additional 263,629 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in iShares Ethereum Trust ETF during the first quarter worth approximately $2,776,000.

iShares Ethereum Trust ETF Company Profile

(Get Free Report)

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.

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