IMC Chicago LLC Makes New $1.68 Million Investment in UltraShort Ether ETF $ETHD

IMC Chicago LLC acquired a new position in shares of UltraShort Ether ETF (NYSEARCA:ETHD) in the first quarter, HoldingsChannel reports. The institutional investor acquired 26,633 shares of the company’s stock, valued at approximately $1,675,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flow Traders U.S. LLC acquired a new position in shares of UltraShort Ether ETF in the third quarter valued at approximately $901,000. Susquehanna International Group LLP lifted its holdings in UltraShort Ether ETF by 23.3% during the 3rd quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock worth $498,000 after purchasing an additional 25,540 shares during the last quarter. Jane Street Group LLC lifted its holdings in UltraShort Ether ETF by 184.2% during the 2nd quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after purchasing an additional 51,295 shares during the last quarter. Group One Trading LLC bought a new stake in UltraShort Ether ETF in the 3rd quarter valued at $172,000. Finally, MYDA Advisors LLC bought a new stake in UltraShort Ether ETF in the 4th quarter valued at $1,188,000.

UltraShort Ether ETF Stock Down 4.6%

Shares of NYSEARCA ETHD opened at $59.33 on Thursday. The stock’s fifty day moving average price is $72.01 and its two-hundred day moving average price is $64.83. UltraShort Ether ETF has a one year low of $27.60 and a one year high of $106.80.

UltraShort Ether ETF Profile

The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.