Stock Traders Purchase Large Volume of Put Options on iShares Ethereum Trust ETF (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the recipient of some unusual options trading activity on Friday. Investors bought 276,619 put options on the stock. This represents an increase of approximately 106% compared to the average daily volume of 134,530 put options.

iShares Ethereum Trust ETF Stock Performance

ETHA traded down $0.39 during midday trading on Friday, reaching $14.12. 29,791,274 shares of the company’s stock were exchanged, compared to its average volume of 35,370,457. iShares Ethereum Trust ETF has a 1-year low of $11.52 and a 1-year high of $36.80. The business’s 50-day moving average price is $13.60 and its 200 day moving average price is $16.04.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ETHA. Bank of America Corp DE acquired a new stake in shares of iShares Ethereum Trust ETF in the 4th quarter valued at about $94,000. NewEdge Advisors LLC bought a new position in iShares Ethereum Trust ETF during the first quarter valued at about $174,000. Raymond James Financial Inc. acquired a new position in iShares Ethereum Trust ETF during the second quarter worth about $255,000. Vienna Asset Management LLC acquired a new position in iShares Ethereum Trust ETF during the second quarter worth about $4,711,000. Finally, Brevan Howard Capital Management LP bought a new stake in iShares Ethereum Trust ETF in the second quarter worth about $806,000.

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.