iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – What’s Next?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $15.17, but opened at $14.35. iShares Ethereum Trust ETF shares last traded at $14.23, with a volume of 1,958,152 shares changing hands.

iShares Ethereum Trust ETF Stock Performance

The stock has a 50 day moving average of $19.19 and a 200 day moving average of $21.61.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors have recently modified their holdings of the company. Brookstone Capital Management bought a new stake in iShares Ethereum Trust ETF in the 4th quarter valued at about $332,000. Mission Wealth Management LP bought a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter valued at approximately $259,000. Stevens Capital Management LP raised its holdings in shares of iShares Ethereum Trust ETF by 108.3% during the fourth quarter. Stevens Capital Management LP now owns 25,000 shares of the company’s stock valued at $632,000 after buying an additional 13,000 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of iShares Ethereum Trust ETF during the third quarter worth approximately $3,129,000. Finally, Mount Yale Investment Advisors LLC bought a new position in iShares Ethereum Trust ETF in the 4th quarter worth approximately $213,000.

iShares Ethereum Trust ETF Company Profile

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.