iShares Ethereum Trust ETF (NASDAQ:ETHA) Trading Up 9.2% – Still a Buy?

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) rose 9.2% during mid-day trading on Wednesday . The stock traded as high as $16.30 and last traded at $16.30. Approximately 33,521,635 shares traded hands during trading, a decline of 25% from the average daily volume of 44,603,609 shares. The stock had previously closed at $14.93.

iShares Ethereum Trust ETF Stock Performance

The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $25.36.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Colonial Trust Advisors bought a new position in shares of iShares Ethereum Trust ETF during the fourth quarter worth about $25,000. Private Wealth Management Group LLC acquired a new position in shares of iShares Ethereum Trust ETF in the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Ethereum Trust ETF in the 3rd quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter valued at approximately $26,000. Finally, Activest Wealth Management raised its position in shares of iShares Ethereum Trust ETF by 252.7% during the 3rd quarter. Activest Wealth Management now owns 864 shares of the company’s stock valued at $27,000 after acquiring an additional 619 shares in the last quarter.

About iShares Ethereum Trust ETF

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.