iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Here’s Why

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.56, but opened at $20.88. iShares Ethereum Trust ETF shares last traded at $20.71, with a volume of 6,448,611 shares trading hands.

iShares Ethereum Trust ETF Price Performance

The firm has a 50-day simple moving average of $16.06 and a 200 day simple moving average of $19.97.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Large investors have recently added to or reduced their stakes in the business. WCG Wealth Advisors LLC acquired a new stake in iShares Ethereum Trust ETF during the fourth quarter worth approximately $457,000. Bank of Montreal Can acquired a new stake in iShares Ethereum Trust ETF in the fourth quarter valued at approximately $1,262,000. Stevens Capital Management LP grew its stake in iShares Ethereum Trust ETF by 108.3% in the fourth quarter. Stevens Capital Management LP now owns 25,000 shares of the company’s stock valued at $632,000 after acquiring an additional 13,000 shares during the period. LM Advisors LLC acquired a new stake in iShares Ethereum Trust ETF in the fourth quarter valued at approximately $351,000. Finally, Cerity Partners LLC acquired a new stake in iShares Ethereum Trust ETF in the fourth quarter valued at approximately $1,245,000.

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.