iShares Ethereum Trust ETF (NASDAQ:ETHA) Stock Price Down 13.9% – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price fell 13.9% during trading on Monday . The stock traded as low as $13.69 and last traded at $14.05. 18,714,379 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 10,348,480 shares. The stock had previously closed at $16.31.

iShares Ethereum Trust ETF Price Performance

The business has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $22.06.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

A number of institutional investors have recently added to or reduced their stakes in ETHA. PNC Financial Services Group Inc. purchased a new position in shares of iShares Ethereum Trust ETF in the fourth quarter worth $25,000. Ridgewood Investments LLC purchased a new stake in shares of iShares Ethereum Trust ETF in the fourth quarter valued at $34,000. Highline Wealth Partners LLC bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter worth about $37,000. Tucker Asset Management LLC lifted its holdings in shares of iShares Ethereum Trust ETF by 10,742.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,518 shares of the company’s stock worth $38,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Copia Wealth Management purchased a new position in shares of iShares Ethereum Trust ETF during the fourth quarter valued at approximately $41,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) 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 spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.