iShares Ethereum Trust ETF Sees Unusually High Options Volume (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of some unusual options trading activity on Monday. Traders purchased 169,371 call options on the stock. This represents an increase of approximately 28% compared to the typical daily volume of 132,333 call options.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in iShares Ethereum Trust ETF in the fourth quarter worth $94,000. NewEdge Advisors LLC bought a new position in shares of iShares Ethereum Trust ETF in the 1st quarter worth about $174,000. Raymond James Financial Inc. bought a new position in shares of iShares Ethereum Trust ETF in the second quarter valued at approximately $255,000. Vienna Asset Management LLC bought a new position in iShares Ethereum Trust ETF in the 2nd quarter worth about $4,711,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of iShares Ethereum Trust ETF in the second quarter worth $806,000.

iShares Ethereum Trust ETF Stock Performance

Shares of NASDAQ:ETHA traded up $0.69 during mid-day trading on Monday, reaching $13.55. 27,918,391 shares of the company were exchanged, compared to its average volume of 36,351,137. The firm’s 50-day simple moving average is $14.76 and its 200 day simple moving average is $17.19. iShares Ethereum Trust ETF has a 1 year low of $11.52 and a 1 year high of $36.80.

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.