2x Ether ETF (NYSEARCA:ETHU) Shares Up 9.7% – Here’s Why

2x Ether ETF (NYSEARCA:ETHU) shares traded up 9.7% during mid-day trading on Tuesday . The stock traded as high as $69.60 and last traded at $68.94. 3,175,411 shares were traded during trading, a decline of 28% from the average session volume of 4,394,717 shares. The stock had previously closed at $62.87.

2x Ether ETF Stock Down 8.0%

The firm has a fifty day simple moving average of $89.71 and a 200 day simple moving average of $101.92.

Institutional Investors Weigh In On 2x Ether ETF

A number of institutional investors have recently bought and sold shares of ETHU. OLD Mission Capital LLC acquired a new position in shares of 2x Ether ETF in the 1st quarter valued at $680,000. Jump Financial LLC bought a new stake in 2x Ether ETF in the second quarter valued at about $5,094,000. Flow Traders U.S. LLC acquired a new position in 2x Ether ETF in the second quarter worth about $2,071,000. Kingswood Wealth Advisors LLC bought a new position in 2x Ether ETF during the third quarter worth about $690,000. Finally, Silverleafe Capital Partners LLC acquired a new stake in 2x Ether ETF during the second quarter valued at approximately $223,000.

2x Ether ETF Company Profile

The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.