2x Ether ETF (NYSEARCA:ETHU) Shares Gap Down – Here’s What Happened

Shares of 2x Ether ETF (NYSEARCA:ETHU) gapped down before the market opened on Monday . The stock had previously closed at $51.87, but opened at $50.00. 2x Ether ETF shares last traded at $51.86, with a volume of 1,227,696 shares.

2x Ether ETF Stock Down 0.6%

The firm has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $101.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ETHU. Farther Finance Advisors LLC acquired a new stake in shares of 2x Ether ETF in the 3rd quarter valued at $28,000. Beaumont Financial Advisors LLC acquired a new stake in shares of 2x Ether ETF during the third quarter worth about $376,000. Kingswood Wealth Advisors LLC bought a new position in 2x Ether ETF in the third quarter valued at approximately $690,000. FNY Investment Advisers LLC bought a new stake in 2x Ether ETF in the 3rd quarter valued at $844,000. Finally, Flow Traders U.S. LLC bought a new stake in 2x Ether ETF in the 2nd quarter valued at approximately $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.