iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $24.88, but opened at $23.17. iShares Ethereum Trust ETF shares last traded at $22.98, with a volume of 15,797,094 shares traded.

iShares Ethereum Trust ETF Price Performance

The company’s 50-day moving average is $23.03 and its 200 day moving average is $27.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fountainhead AM LLC lifted its position in shares of iShares Ethereum Trust ETF by 0.7% in the second quarter. Fountainhead AM LLC now owns 57,690 shares of the company’s stock worth $1,100,000 after purchasing an additional 417 shares in the last quarter. Cornerstone Planning Group LLC grew its position in iShares Ethereum Trust ETF by 9.6% during the third quarter. Cornerstone Planning Group LLC now owns 5,181 shares of the company’s stock valued at $163,000 after purchasing an additional 455 shares in the last quarter. J. Safra Sarasin Holding AG increased its stake in shares of iShares Ethereum Trust ETF by 1.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 34,275 shares of the company’s stock worth $769,000 after acquiring an additional 575 shares during the last quarter. Advance Capital Management Inc. increased its position in iShares Ethereum Trust ETF by 5.3% in the 4th quarter. Advance Capital Management Inc. now owns 12,145 shares of the company’s stock worth $272,000 after purchasing an additional 616 shares during the last quarter. Finally, Activest Wealth Management grew its stake in shares of iShares Ethereum Trust ETF by 252.7% in the 3rd quarter. Activest Wealth Management now owns 864 shares of the company’s stock valued at $27,000 after buying an additional 619 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.