Ultra Ether ETF (NYSEARCA:ETHT) Stock Price Down 0.8% – What’s Next?

Shares of Ultra Ether ETF (NYSEARCA:ETHT) dropped 0.8% on Thursday . The company traded as low as $10.33 and last traded at $10.52. Approximately 1,427,633 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,985,741 shares. The stock had previously closed at $10.60.

Ultra Ether ETF Stock Performance

The stock’s 50 day moving average price is $9.61 and its 200-day moving average price is $15.13.

Institutional Trading of Ultra Ether ETF

A number of large investors have recently modified their holdings of the company. DRW Securities LLC increased its holdings in Ultra Ether ETF by 1,188.3% during the 4th quarter. DRW Securities LLC now owns 159,999 shares of the company’s stock worth $6,013,000 after purchasing an additional 147,580 shares during the period. IMC Chicago LLC purchased a new stake in shares of Ultra Ether ETF in the 1st quarter worth $1,365,000. Renaissance Technologies LLC purchased a new stake in shares of Ultra Ether ETF in the 4th quarter worth $2,011,000. Marex Group plc bought a new position in shares of Ultra Ether ETF during the 4th quarter worth $1,315,000. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of Ultra Ether ETF during the 4th quarter worth $1,101,000.

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.