Bitwise Ethereum ETF (NYSEARCA:ETHW – Get Free Report)’s share price was up 5.7% on Wednesday. The company traded as high as $17.49 and last traded at $17.30. Approximately 693,090 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 1,061,524 shares. The stock had previously closed at $16.37.
Bitwise Ethereum ETF Stock Performance
The firm’s 50-day simple moving average is $17.86 and its two-hundred day simple moving average is $15.63.
Hedge Funds Weigh In On Bitwise Ethereum ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in Bitwise Ethereum ETF by 31.3% during the third quarter. Farther Finance Advisors LLC now owns 2,472 shares of the company’s stock worth $47,000 after acquiring an additional 589 shares during the period. MGO One Seven LLC raised its position in Bitwise Ethereum ETF by 4.9% during the third quarter. MGO One Seven LLC now owns 13,423 shares of the company’s stock valued at $256,000 after acquiring an additional 632 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Bitwise Ethereum ETF by 81.2% in the first quarter. EverSource Wealth Advisors LLC now owns 2,164 shares of the company’s stock valued at $32,000 after acquiring an additional 970 shares during the period. Next Level Wealth Planning LLC acquired a new position in Bitwise Ethereum ETF in the third quarter valued at approximately $35,000. Finally, Center for Financial Planning Inc. acquired a new position in Bitwise Ethereum ETF in the first quarter valued at approximately $39,000.
Bitwise Ethereum ETF Company Profile
The Bitwise Ethereum ETF (ETHW) 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 price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.
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