Ultra Ether ETF (NYSEARCA:ETHT) Shares Gap Up – Here’s What Happened

Ultra Ether ETF (NYSEARCA:ETHT)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $56.89, but opened at $61.46. Ultra Ether ETF shares last traded at $60.0660, with a volume of 885,841 shares.

Ultra Ether ETF Stock Up 5.7%

The business has a fifty day moving average of $88.76 and a 200 day moving average of $69.52.

Institutional Trading of Ultra Ether ETF

A number of large investors have recently made changes to their positions in ETHT. Flow Traders U.S. LLC acquired a new stake in Ultra Ether ETF during the 2nd quarter worth $2,713,000. XTX Topco Ltd acquired a new stake in shares of Ultra Ether ETF during the first quarter worth about $65,000. Mutual Advisors LLC lifted its holdings in shares of Ultra Ether ETF by 92.5% during the 2nd quarter. Mutual Advisors LLC now owns 19,480 shares of the company’s stock valued at $769,000 after purchasing an additional 9,359 shares in the last quarter. Group One Trading LLC lifted its holdings in shares of Ultra Ether ETF by 868.2% during the 2nd quarter. Group One Trading LLC now owns 7,610 shares of the company’s stock valued at $300,000 after purchasing an additional 6,824 shares in the last quarter. Finally, Simplex Trading LLC grew its position in shares of Ultra Ether ETF by 226.3% in the 2nd quarter. Simplex Trading LLC now owns 4,885 shares of the company’s stock valued at $192,000 after purchasing an additional 3,388 shares during the period.

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.