Ultra Ether ETF (NYSEARCA:ETHT – Get Free Report) shares were down 14.6% during trading on Thursday. The company traded as low as $12.92 and last traded at $13.06. 1,538,381 shares traded hands during trading, a decline of 19% from the average daily volume of 1,900,561 shares. The stock had previously closed at $15.29.
Ultra Ether ETF Stock Down 14.6%
The company has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $15.31.
Institutional Trading of Ultra Ether ETF
A number of large investors have recently modified their holdings of the company. StoneX Group Inc. acquired a new position in Ultra Ether ETF during the 3rd quarter valued at about $362,000. Integrated Advisors Network LLC bought a new stake in shares of Ultra Ether ETF during the third quarter valued at approximately $598,000. Baldwin Wealth Partners LLC MA acquired a new position in shares of Ultra Ether ETF during the third quarter worth approximately $290,000. Avidian Wealth Enterprises LLC bought a new position in Ultra Ether ETF in the 3rd quarter worth approximately $563,000. Finally, IMC Chicago LLC acquired a new stake in Ultra Ether ETF in the 1st quarter valued at approximately $1,365,000.
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.
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