iShares Ethereum Trust ETF (NASDAQ:ETHA) Hits New 1-Year Low – Time to Sell?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s stock price hit a new 52-week low on Monday . The stock traded as low as $11.49 and last traded at $11.49, with a volume of 869360 shares changing hands. The stock had previously closed at $13.70.

iShares Ethereum Trust ETF Stock Down 13.5 %

The stock has a fifty day simple moving average of $17.81 and a 200-day simple moving average of $21.50.

Institutional Trading of iShares Ethereum Trust ETF

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in iShares Ethereum Trust ETF in the 4th quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in iShares Ethereum Trust ETF in the fourth quarter worth about $34,000. Highline Wealth Partners LLC bought a new position in iShares Ethereum Trust ETF during the fourth quarter worth about $37,000. Tucker Asset Management LLC boosted its holdings in iShares Ethereum Trust ETF by 10,742.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,518 shares of the company’s stock valued at $38,000 after purchasing an additional 1,504 shares in the last quarter. Finally, Copia Wealth Management bought a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter valued at approximately $41,000.

iShares Ethereum Trust ETF Company Profile

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.