iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Here’s Why

iShares Ethereum Trust ETF (NASDAQ:ETHAGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $13.39, but opened at $12.56. iShares Ethereum Trust ETF shares last traded at $12.37, with a volume of 12,662,943 shares.

iShares Ethereum Trust ETF Stock Performance

The firm has a 50-day moving average of $16.48 and a 200 day moving average of $18.73.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently made changes to their positions in ETHA. Farallon Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF during the 3rd quarter valued at about $234,773,000. Schonfeld Strategic Advisors LLC boosted its position in shares of iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after purchasing an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. bought a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter valued at about $86,824,000. Capula Management Ltd boosted its position in shares of iShares Ethereum Trust ETF by 65.6% during the 3rd quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock valued at $279,446,000 after purchasing an additional 3,513,685 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of iShares Ethereum Trust ETF by 182.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock valued at $81,503,000 after purchasing an additional 2,347,070 shares in the last quarter.

iShares Ethereum Trust ETF Company Profile

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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.

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