2x Ether ETF (NYSEARCA:ETHU) Trading Down 8.9% – Time to Sell?

2x Ether ETF (NYSEARCA:ETHUGet Free Report) shares fell 8.9% on Thursday . The stock traded as low as $52.50 and last traded at $52.50. 6,528,209 shares were traded during mid-day trading, an increase of 55% from the average session volume of 4,221,378 shares. The stock had previously closed at $57.61.

2x Ether ETF Stock Down 8.9%

The company’s fifty day simple moving average is $116.13 and its 200-day simple moving average is $101.65.

Institutional Investors Weigh In On 2x Ether ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of 2x Ether ETF during the third quarter worth about $28,000. Silverleafe Capital Partners LLC acquired a new stake in 2x Ether ETF in the 2nd quarter worth approximately $223,000. Beaumont Financial Advisors LLC purchased a new stake in 2x Ether ETF during the 3rd quarter worth approximately $376,000. OLD Mission Capital LLC purchased a new stake in 2x Ether ETF during the 1st quarter worth approximately $680,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in 2x Ether ETF during the 3rd quarter valued at approximately $690,000.

About 2x Ether ETF

(Get Free Report)

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.

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