iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Down 6.4% – Should You Sell?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares dropped 6.4% on Monday . The company traded as low as $18.14 and last traded at $18.39. Approximately 2,836,710 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 10,845,049 shares. The stock had previously closed at $19.65.

iShares Ethereum Trust ETF Stock Performance

The business has a 50 day simple moving average of $14.43 and a 200-day simple moving average of $20.30.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several large investors have recently made changes to their positions in the business. Howard Capital Management Group LLC purchased a new position in shares of iShares Ethereum Trust ETF during the 4th quarter valued at $274,000. SG Americas Securities LLC purchased a new stake in iShares Ethereum Trust ETF during the fourth quarter valued at about $49,847,000. Lake Hills Wealth Management LLC bought a new position in iShares Ethereum Trust ETF during the fourth quarter worth about $1,776,000. Geneos Wealth Management Inc. bought a new position in iShares Ethereum Trust ETF during the fourth quarter worth about $209,000. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of iShares Ethereum Trust ETF by 91.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 43,755 shares of the company’s stock worth $1,107,000 after purchasing an additional 20,902 shares in the last quarter.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.