iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Time to Buy?

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped up before the market opened on Wednesday . The stock had previously closed at $14.39, but opened at $15.24. iShares Ethereum Trust ETF shares last traded at $15.26, with a volume of 1,669,439 shares trading hands.

iShares Ethereum Trust ETF Stock Up 6.8 %

The business’s 50 day moving average is $20.51 and its 200-day moving average is $21.80.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Institutional investors have recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter worth approximately $94,155,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter valued at about $85,177,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of iShares Ethereum Trust ETF during the 4th quarter valued at about $65,632,000. Millennium Management LLC boosted its position in shares of iShares Ethereum Trust ETF by 156.2% during the 4th quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock valued at $105,339,000 after acquiring an additional 2,539,619 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in iShares Ethereum Trust ETF during the fourth quarter valued at approximately $49,847,000.

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.