iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Scheduled to Reverse Split on Tuesday, October 6th

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) are scheduled to reverse split before the market opens on Tuesday, October 6th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 5th.

iShares Ethereum Trust ETF Stock Up 1.2%

Shares of ETHA opened at $20.37 on Friday. The firm’s 50 day simple moving average is $17.31 and its 200 day simple moving average is $15.94. iShares Ethereum Trust ETF has a 1-year low of $11.52 and a 1-year high of $36.04.

Institutional Trading of iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Modus Advisors LLC purchased a new position in iShares Ethereum Trust ETF in the fourth quarter worth $30,000. Operose Advisors LLC purchased a new stake in iShares Ethereum Trust ETF during the second quarter valued at about $39,000. Ball & Co Wealth Management Inc. purchased a new stake in iShares Ethereum Trust ETF during the first quarter valued at about $41,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares Ethereum Trust ETF during the fourth quarter worth about $49,000. Finally, MCF Advisors LLC bought a new stake in iShares Ethereum Trust ETF during the fourth quarter worth about $59,000.

About iShares Ethereum Trust ETF

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.