2x Ether ETF (NYSEARCA:ETHU) Stock Price Up 16% – Time to Buy?

2x Ether ETF (NYSEARCA:ETHU) shares traded up 16% during mid-day trading on Monday . The company traded as high as $23.01 and last traded at $22.93. 4,632,364 shares changed hands during trading, a decline of 35% from the average session volume of 7,085,077 shares. The stock had previously closed at $19.77.

2x Ether ETF Price Performance

The firm’s 50-day moving average is $41.86 and its 200 day moving average is $84.63.

Institutional Trading of 2x Ether ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in 2x Ether ETF during the 3rd quarter worth approximately $28,000. Beaumont Financial Advisors LLC acquired a new stake in shares of 2x Ether ETF during the third quarter worth $376,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Ether ETF during the third quarter worth $690,000. FNY Investment Advisers LLC purchased a new position in 2x Ether ETF in the 3rd quarter valued at $844,000. Finally, Flow Traders U.S. LLC acquired a new position in 2x Ether ETF in the 2nd quarter valued at $2,071,000.

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.