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

2x Ether ETF (NYSEARCA:ETHU) gapped up before the market opened on Monday . The stock had previously closed at $4.15, but opened at $4.28. 2x Ether ETF shares last traded at $4.26, with a volume of 11,725,729 shares changing hands.

2x Ether ETF Trading Up 2.7 %

The business has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.69.

2x Ether ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were given a $0.0029 dividend. The ex-dividend date of this dividend was Monday, December 16th.

Hedge Funds Weigh In On 2x Ether ETF

A hedge fund recently bought a new stake in 2x Ether ETF stock. Silverleafe Capital Partners LLC purchased a new position in 2x Ether ETF (NYSEARCA:ETHU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,442 shares of the company’s stock, valued at approximately $549,000.

About 2x Ether ETF

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.