iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Here’s Why

iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped down before the market opened on Monday . The stock had previously closed at $20.17, but opened at $17.50. iShares Ethereum Trust ETF shares last traded at $17.91, with a volume of 40,679,904 shares.

iShares Ethereum Trust ETF Price Performance

The firm’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $27.47.

Institutional Trading of iShares Ethereum Trust ETF

Several large investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC grew its stake in iShares Ethereum Trust ETF by 141.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock valued at $337,554,000 after acquiring an additional 6,283,778 shares during the period. Capula Management Ltd lifted its stake in shares of iShares Ethereum Trust ETF by 65.6% in the third quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock valued at $279,446,000 after buying an additional 3,513,685 shares in the last quarter. Farallon Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF during the third quarter worth about $234,773,000. BlueCrest Capital Management Ltd bought a new position in iShares Ethereum Trust ETF in the 2nd quarter valued at about $28,605,000. Finally, Clear Street LLC bought a new stake in iShares Ethereum Trust ETF during the 2nd quarter worth approximately $19,619,000.

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.