Ultra Ether ETF (NYSEARCA:ETHT – Get Free Report) shares fell 14.6% during trading on Thursday. The company traded as low as $12.92 and last traded at $13.06. Approximately 1,538,381 shares were traded during trading, a decline of 19% from the average daily volume of 1,900,561 shares. The stock had previously closed at $15.29.
Ultra Ether ETF Stock Performance
The company’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $15.31.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new position in shares of Ultra Ether ETF during the first quarter valued at approximately $1,365,000. StoneX Group Inc. acquired a new stake in Ultra Ether ETF in the third quarter worth approximately $362,000. Integrated Advisors Network LLC acquired a new stake in Ultra Ether ETF in the third quarter worth approximately $598,000. Baldwin Wealth Partners LLC MA bought a new position in Ultra Ether ETF during the 3rd quarter valued at $290,000. Finally, Avidian Wealth Enterprises LLC bought a new position in Ultra Ether ETF during the 3rd quarter valued at $563,000.
About Ultra Ether ETF
The ProShares Ultra Ether ETF (ETHT) 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 leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.
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