2x Ether ETF (BATS:ETHU – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.66 and traded as high as $24.46. 2x Ether ETF shares last traded at $23.94, with a volume of 6,788,253 shares.
2x Ether ETF Price Performance
The company’s fifty day moving average price is $26.10 and its 200 day moving average price is $23.20.
Hedge Funds Weigh In On 2x Ether ETF
A number of large investors have recently bought and sold shares of ETHU. DGS Capital Management LLC acquired a new stake in shares of 2x Ether ETF during the 1st quarter worth approximately $274,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Ether ETF in the 3rd quarter worth approximately $235,000. Finally, Parallel Advisors LLC lifted its holdings in shares of 2x Ether ETF by 78.8% in the 1st quarter. Parallel Advisors LLC now owns 2,450 shares of the company’s stock worth $55,000 after purchasing an additional 1,080 shares during the last quarter.
About 2x Ether ETF
The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.
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