UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $28.75 and traded as high as $32.34. UltraShort Ether ETF shares last traded at $32.17, with a volume of 896,323 shares traded.
UltraShort Ether ETF Trading Up 14.5%
The stock’s fifty day moving average price is $28.75 and its 200-day moving average price is $55.77.
Hedge Funds Weigh In On UltraShort Ether ETF
An institutional investor recently bought a new position in UltraShort Ether ETF stock. IMC Chicago LLC acquired a new position in shares of UltraShort Ether ETF (NYSEARCA:ETHD – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,633 shares of the company’s stock, valued at approximately $1,675,000. IMC Chicago LLC owned approximately 1.65% of UltraShort Ether ETF as of its most recent filing with the Securities and Exchange Commission.
UltraShort Ether ETF Company Profile
The ProShares UltraShort Ether ETF (ETHD) 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 inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.
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