iShares Ethereum Trust ETF (NASDAQ:ETHA) Stock Price Down 3.8% – Here’s What Happened

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s stock price traded down 3.8% on Thursday . The company traded as low as $21.92 and last traded at $22.01. 12,340,199 shares were traded during trading, a decline of 69% from the average session volume of 39,751,164 shares. The stock had previously closed at $22.88.

iShares Ethereum Trust ETF Price Performance

The company’s 50-day moving average price is $23.00 and its 200-day moving average price is $27.62.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Hedge funds have recently made changes to their positions in the company. Sage Mountain Advisors LLC lifted its position in shares of iShares Ethereum Trust ETF by 60.0% in the fourth quarter. Sage Mountain Advisors LLC now owns 35,599 shares of the company’s stock valued at $798,000 after acquiring an additional 13,353 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares Ethereum Trust ETF in the 4th quarter valued at $48,000. Watershed Private Wealth LLC lifted its holdings in iShares Ethereum Trust ETF by 134.1% in the 4th quarter. Watershed Private Wealth LLC now owns 28,407 shares of the company’s stock valued at $637,000 after purchasing an additional 16,275 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in iShares Ethereum Trust ETF by 16.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,592 shares of the company’s stock worth $462,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in iShares Ethereum Trust ETF by 14.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 12,284 shares of the company’s stock worth $276,000 after purchasing an additional 1,580 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.