946,835 Shares in iShares Ethereum Trust ETF (NASDAQ:ETHA) Bought by Elequin Capital LP

Elequin Capital LP acquired a new stake in iShares Ethereum Trust ETF (NASDAQ:ETHA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 946,835 shares of the company’s stock, valued at approximately $23,945,000. iShares Ethereum Trust ETF makes up 1.9% of Elequin Capital LP’s portfolio, making the stock its 6th biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Two Sigma Investments LP bought a new position in shares of iShares Ethereum Trust ETF during the fourth quarter valued at $8,700,000. Tidal Investments LLC bought a new position in iShares Ethereum Trust ETF during the 4th quarter worth $257,000. Sculptor Capital LP acquired a new position in iShares Ethereum Trust ETF during the 4th quarter worth about $20,060,000. Napa Wealth Management acquired a new stake in shares of iShares Ethereum Trust ETF in the fourth quarter valued at about $1,576,000. Finally, Millennium Management LLC raised its position in shares of iShares Ethereum Trust ETF by 156.2% during the fourth quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock worth $105,339,000 after acquiring an additional 2,539,619 shares during the last quarter.

iShares Ethereum Trust ETF Stock Down 0.7%

iShares Ethereum Trust ETF stock opened at $18.94 on Wednesday. iShares Ethereum Trust ETF has a one year low of $10.99 and a one year high of $31.18. The stock’s 50 day moving average is $14.43 and its 200 day moving average is $20.30.

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.