Investors Buy Large Volume of Call Options on iShares Ethereum Trust ETF (NASDAQ:ETHA)

iShares Ethereum Trust ETF (NASDAQ:ETHA) was the target of unusually large options trading on Wednesday. Stock investors purchased 352,160 call options on the company. This is an increase of approximately 153% compared to the typical daily volume of 139,070 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ETHA. Bank of America Corp DE acquired a new stake in iShares Ethereum Trust ETF during the fourth quarter worth about $94,000. NewEdge Advisors LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 1st quarter worth approximately $174,000. Raymond James Financial Inc. acquired a new stake in shares of iShares Ethereum Trust ETF during the 2nd quarter worth approximately $255,000. Vienna Asset Management LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 2nd quarter worth approximately $4,711,000. Finally, Brevan Howard Capital Management LP bought a new position in iShares Ethereum Trust ETF in the second quarter valued at approximately $806,000.

iShares Ethereum Trust ETF Price Performance

NASDAQ ETHA traded up $1.29 during midday trading on Wednesday, hitting $15.73. The company had a trading volume of 62,697,079 shares, compared to its average volume of 34,701,590. The firm has a 50-day moving average price of $13.57 and a 200-day moving average price of $15.19. iShares Ethereum Trust ETF has a twelve month low of $11.52 and a twelve month high of $36.80.

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.