iShares Ethereum Trust ETF (NASDAQ:ETHA) Stock to Reverse Split on Tuesday, October 6th

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) are set 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 market closes on Monday, October 5th.

iShares Ethereum Trust ETF Trading Down 2.6%

Shares of iShares Ethereum Trust ETF stock opened at $20.21 on Thursday. The firm has a fifty day moving average of $16.59 and a two-hundred day moving average of $15.74. iShares Ethereum Trust ETF has a 52 week low of $11.52 and a 52 week high of $36.04.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC boosted its position in iShares Ethereum Trust ETF by 5.4% during the first quarter. Continuum Advisory LLC now owns 12,370 shares of the company’s stock worth $196,000 after purchasing an additional 638 shares during the period. Proathlete Wealth Management LLC grew its position in shares of iShares Ethereum Trust ETF by 13.0% during the 1st quarter. Proathlete Wealth Management LLC now owns 5,960 shares of the company’s stock worth $94,000 after purchasing an additional 687 shares in the last quarter. Cardiff Park Advisors LLC increased its stake in iShares Ethereum Trust ETF by 7.1% during the 1st quarter. Cardiff Park Advisors LLC now owns 10,707 shares of the company’s stock worth $169,000 after acquiring an additional 707 shares during the period. Insight Advisors LLC PA increased its position in shares of iShares Ethereum Trust ETF by 9.0% in the fourth quarter. Insight Advisors LLC PA now owns 10,079 shares of the company’s stock worth $226,000 after purchasing an additional 832 shares during the period. Finally, Bank of America Corp DE raised its position in shares of iShares Ethereum Trust ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 67,492 shares of the company’s stock valued at $1,068,000 after buying an additional 930 shares in 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.