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

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.87, but opened at $12.74. iShares Ethereum Trust ETF shares last traded at $12.71, with a volume of 7,936,536 shares.

iShares Ethereum Trust ETF Stock Up 8.0%

The business has a fifty day moving average price of $16.39 and a 200-day moving average price of $18.65.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ETHA. Colonial Trust Advisors purchased a new position in shares of iShares Ethereum Trust ETF in the 4th quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares Ethereum Trust ETF in the 3rd quarter worth about $26,000. Golden State Wealth Management LLC purchased a new position in shares of iShares Ethereum Trust ETF in the 4th quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of iShares Ethereum Trust ETF in the 3rd quarter worth about $28,000. Finally, Modus Advisors LLC purchased a new position in shares of iShares Ethereum Trust ETF in the 4th quarter worth about $30,000.

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.