iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Up 5.8% – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price traded up 5.8% during trading on Friday . The stock traded as high as $19.60 and last traded at $19.5460. 33,057,566 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 36,601,680 shares. The stock had previously closed at $18.47.

iShares Ethereum Trust ETF Price Performance

The stock’s fifty day simple moving average is $16.07 and its two-hundred day simple moving average is $15.61.

iShares Ethereum Trust ETF’s stock is scheduled to reverse split before the market opens 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.

Institutional Trading of iShares Ethereum Trust ETF

A number of large investors have recently added to or reduced their stakes in ETHA. Core Capital Management & Research inc. acquired a new position in iShares Ethereum Trust ETF in the second quarter worth approximately $142,000. IPG Investment Advisors LLC lifted its position in shares of iShares Ethereum Trust ETF by 5.2% during the 2nd quarter. IPG Investment Advisors LLC now owns 35,123 shares of the company’s stock valued at $418,000 after acquiring an additional 1,725 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares Ethereum Trust ETF by 39.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 332,526 shares of the company’s stock worth $3,954,000 after acquiring an additional 93,308 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares Ethereum Trust ETF by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 125,416 shares of the company’s stock worth $1,491,000 after acquiring an additional 7,832 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of iShares Ethereum Trust ETF by 5.6% in the 2nd quarter. IFP Advisors Inc now owns 87,364 shares of the company’s stock worth $1,039,000 after acquiring an additional 4,640 shares during the last quarter.

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.