Ultra Ether ETF (NYSEARCA:ETHT) Trading 0.9% Higher – Here’s What Happened

Ultra Ether ETF (NYSEARCA:ETHT)’s stock price shot up 0.9% during trading on Thursday . The stock traded as high as $9.18 and last traded at $9.07. 1,402,707 shares changed hands during trading, a decline of 32% from the average session volume of 2,063,278 shares. The stock had previously closed at $8.99.

Ultra Ether ETF Trading Up 5.1%

The firm has a 50-day moving average of $11.66 and a 200 day moving average of $19.29.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC purchased a new position in shares of Ultra Ether ETF in the fourth quarter valued at $1,101,000. Dynamic Advisor Solutions LLC acquired a new stake in Ultra Ether ETF during the 4th quarter valued at $210,000. DRW Securities LLC increased its stake in Ultra Ether ETF by 1,188.3% during the 4th quarter. DRW Securities LLC now owns 159,999 shares of the company’s stock worth $6,013,000 after buying an additional 147,580 shares during the period. Renaissance Technologies LLC purchased a new position in Ultra Ether ETF in the 4th quarter valued at about $2,011,000. Finally, Marex Group plc purchased a new position in Ultra Ether ETF in the 4th quarter valued at about $1,315,000.

About Ultra Ether ETF

The ProShares Ultra Ether ETF (ETHT) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks 2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.