Ultra Ether ETF (NYSEARCA:ETHT) Stock Price Up 0.1% – Here’s What Happened

Ultra Ether ETF (NYSEARCA:ETHT) shot up 0.1% during trading on Friday . The company traded as high as $37.29 and last traded at $35.44. 2,876,797 shares were traded during mid-day trading, an increase of 89% from the average session volume of 1,520,999 shares. The stock had previously closed at $35.40.

Ultra Ether ETF Trading Up 0.1%

The firm has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $70.37.

Institutional Trading of Ultra Ether ETF

Institutional investors have recently bought and sold shares of the business. Mutual Advisors LLC grew its position 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 worth $769,000 after purchasing an additional 9,359 shares in the last quarter. Simplex Trading LLC boosted its stake in shares of Ultra Ether ETF by 226.3% in the second quarter. Simplex Trading LLC now owns 4,885 shares of the company’s stock valued at $192,000 after buying an additional 3,388 shares during the period. Flow Traders U.S. LLC acquired a new stake in Ultra Ether ETF during the second quarter worth approximately $2,713,000. Group One Trading LLC grew its position in Ultra Ether ETF by 868.2% during the second quarter. Group One Trading LLC now owns 7,610 shares of the company’s stock worth $300,000 after buying an additional 6,824 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Ultra Ether ETF by 50.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock worth $65,000 after acquiring an additional 546 shares during the period.

Ultra Ether ETF Company Profile

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.