Shares of 2x Ether ETF (NYSEARCA:ETHU – Get Free Report) dropped 5.9% during trading on Thursday . The stock traded as low as $59.88 and last traded at $61.03. Approximately 823,018 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 1,964,307 shares. The stock had previously closed at $64.87.
2x Ether ETF Price Performance
The firm’s 50-day moving average is $37.69 and its 200 day moving average is $104.09.
Hedge Funds Weigh In On 2x Ether ETF
A hedge fund recently bought a new stake in 2x Ether ETF stock. Kingswood Wealth Advisors LLC acquired a new stake in 2x Ether ETF (NYSEARCA:ETHU – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 138,086 shares of the company’s stock, valued at approximately $253,000. Kingswood Wealth Advisors LLC owned 1.08% of 2x Ether ETF as of its most recent filing with the Securities and Exchange Commission.
2x Ether ETF Company Profile
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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