iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Time to Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares gapped up before the market opened on Monday . The stock had previously closed at $11.85, but opened at $12.68. iShares Ethereum Trust ETF shares last traded at $12.58, with a volume of 1,964,678 shares traded.

iShares Ethereum Trust ETF Stock Performance

The company has a 50-day moving average of $16.21 and a 200-day moving average of $21.10.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in iShares Ethereum Trust ETF during the 3rd quarter worth about $3,129,000. Garde Capital Inc. purchased a new position in iShares Ethereum Trust ETF during the third quarter worth about $444,000. Ridgewood Investments LLC purchased a new stake in iShares Ethereum Trust ETF in the 4th quarter valued at about $34,000. Highline Wealth Partners LLC acquired a new position in shares of iShares Ethereum Trust ETF during the 4th quarter valued at about $37,000. Finally, Fiduciary Alliance LLC lifted its holdings in shares of iShares Ethereum Trust ETF by 210.2% during the 4th quarter. Fiduciary Alliance LLC now owns 81,316 shares of the company’s stock worth $2,056,000 after acquiring an additional 55,101 shares during the period.

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.