2x Ether ETF (NYSEARCA:ETHU) Shares Down 13.6% – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU) shares traded down 13.6% during mid-day trading on Thursday . The company traded as low as $46.31 and last traded at $46.92. 3,613,156 shares were traded during mid-day trading, a decline of 28% from the average session volume of 5,000,732 shares. The stock had previously closed at $54.31.

2x Ether ETF Trading Down 9.0%

The company has a fifty day moving average price of $57.76 and a 200-day moving average price of $100.70.

Institutional Trading of 2x Ether ETF

Several institutional investors have recently added to or reduced their stakes in ETHU. FNY Investment Advisers LLC bought a new stake in shares of 2x Ether ETF during the 3rd quarter worth approximately $844,000. Beaumont Financial Advisors LLC bought a new stake in shares of 2x Ether ETF during the third quarter valued at approximately $376,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Ether ETF during the third quarter valued at approximately $690,000. Farther Finance Advisors LLC purchased a new stake in shares of 2x Ether ETF in the third quarter valued at approximately $28,000. Finally, Jump Financial LLC bought a new position in 2x Ether ETF in the second quarter worth approximately $5,094,000.

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.