2x Ether ETF (NYSEARCA:ETHU) Shares Gap Down – Here’s Why

2x Ether ETF (NYSEARCA:ETHU) shares gapped down before the market opened on Monday . The stock had previously closed at $60.42, but opened at $51.70. 2x Ether ETF shares last traded at $51.43, with a volume of 2,135,468 shares.

2x Ether ETF Stock Performance

The business’s fifty day moving average price is $102.14 and its two-hundred day moving average price is $102.45.

Institutional Trading of 2x Ether ETF

Large investors have recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new position in shares of 2x Ether ETF during the 1st quarter valued at about $680,000. Silverleafe Capital Partners LLC bought a new stake in 2x Ether ETF during the second quarter worth approximately $223,000. Flow Traders U.S. LLC acquired a new position in 2x Ether ETF during the second quarter valued at approximately $2,071,000. Jump Financial LLC acquired a new position in 2x Ether ETF during the second quarter valued at approximately $5,094,000. Finally, Farther Finance Advisors LLC bought a new position in shares of 2x Ether ETF in the third quarter valued at approximately $28,000.

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.