iShares Ethereum Trust ETF (NASDAQ:ETHA) Trading Up 12.2% – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHAGet Free Report) shares rose 12.2% during mid-day trading on Friday . The company traded as high as $18.02 and last traded at $18.02. Approximately 3,873,732 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 10,587,562 shares. The stock had previously closed at $16.06.

iShares Ethereum Trust ETF Stock Up 9.8 %

The company has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $20.30.

Institutional Trading of iShares Ethereum Trust ETF

A number of hedge funds have recently bought and sold shares of ETHA. Financial Engines Advisors L.L.C. raised its position in shares of iShares Ethereum Trust ETF by 1.0% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 60,560 shares of the company’s stock valued at $1,532,000 after buying an additional 590 shares during the last quarter. Richard W. Paul & Associates LLC raised its holdings in iShares Ethereum Trust ETF by 14.8% in the 4th quarter. Richard W. Paul & Associates LLC now owns 7,033 shares of the company’s stock valued at $178,000 after acquiring an additional 905 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its position in shares of iShares Ethereum Trust ETF by 31.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 4,426 shares of the company’s stock worth $60,000 after acquiring an additional 1,050 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter worth approximately $34,000.

About iShares Ethereum Trust ETF

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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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