iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Down 13.9% – Time to Sell?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price traded down 13.9% during trading on Monday . The stock traded as low as $13.69 and last traded at $14.05. 18,714,379 shares traded hands during trading, an increase of 81% from the average session volume of 10,348,480 shares. The stock had previously closed at $16.31.

iShares Ethereum Trust ETF Stock Down 13.4 %

The firm has a fifty day moving average of $22.17 and a two-hundred day moving average of $22.06.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors have recently bought and sold shares of the business. Copia Wealth Management bought a new stake in iShares Ethereum Trust ETF during the 4th quarter valued at $41,000. LM Advisors LLC bought a new stake in iShares Ethereum Trust ETF during the fourth quarter valued at about $351,000. Formidable Asset Management LLC purchased a new position in iShares Ethereum Trust ETF in the fourth quarter valued at about $282,000. WCG Wealth Advisors LLC bought a new position in iShares Ethereum Trust ETF in the fourth quarter worth about $457,000. Finally, Elequin Capital LP purchased a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter valued at about $23,945,000.

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.