2x Ether ETF (NYSEARCA:ETHU) Shares Gap Up – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU) gapped up before the market opened on Tuesday . The stock had previously closed at $49.18, but opened at $52.85. 2x Ether ETF shares last traded at $53.80, with a volume of 1,784,647 shares traded.

2x Ether ETF Stock Down 0.1%

The company has a 50 day moving average of $97.69 and a 200 day moving average of $102.05.

Institutional Trading of 2x Ether ETF

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

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.