iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Up 9.2% – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares shot up 9.2% during trading on Wednesday . The stock traded as high as $16.30 and last traded at $16.30. 33,521,635 shares were traded during trading, a decline of 25% from the average session volume of 44,603,609 shares. The stock had previously closed at $14.93.

iShares Ethereum Trust ETF Price Performance

The firm has a 50 day moving average price of $19.61 and a two-hundred day moving average price of $25.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farallon Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF in the 3rd quarter valued at $234,773,000. Schonfeld Strategic Advisors LLC boosted its position in shares of iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock worth $337,554,000 after purchasing an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. bought a new position in iShares Ethereum Trust ETF in the fourth quarter worth approximately $86,824,000. Capula Management Ltd increased its stake in iShares Ethereum Trust ETF by 195.5% during the 2nd quarter. Capula Management Ltd now owns 5,354,800 shares of the company’s stock valued at $102,116,000 after purchasing an additional 3,542,508 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of iShares Ethereum Trust ETF by 182.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after acquiring an additional 2,347,070 shares during the last quarter.

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.