Shares of UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) traded down 3% during mid-day trading on Monday. The company traded as low as $23.60 and last traded at $24.06. 487,459 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 616,418 shares. The stock had previously closed at $24.81.
UltraShort Ether ETF Trading Up 9.0%
The business’s fifty day moving average price is $37.89 and its 200 day moving average price is $55.50.
Institutional Investors Weigh In On UltraShort Ether ETF
A number of institutional investors have recently added to or reduced their stakes in ETHD. Renaissance Technologies LLC bought a new stake in shares of UltraShort Ether ETF in the 1st quarter valued at approximately $1,453,000. IMC Chicago LLC bought a new position in shares of UltraShort Ether ETF during the 1st quarter worth approximately $1,675,000. Finally, MYDA Advisors LLC bought a new position in shares of UltraShort Ether ETF during the 4th quarter worth approximately $1,188,000.
UltraShort Ether ETF Company Profile
The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.
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