Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $37.65 and traded as high as $48.45. Bitwise Ethereum Strategy ETF shares last traded at $48.45, with a volume of 14,744 shares changing hands.

Bitwise Ethereum Strategy ETF Price Performance

The stock’s 50 day simple moving average is $38.38 and its 200-day simple moving average is $38.82.

Institutional Trading of Bitwise Ethereum Strategy ETF

A hedge fund recently raised its stake in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC increased its position in Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,961 shares of the company’s stock after acquiring an additional 3,048 shares during the quarter. Jane Street Group LLC owned about 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 at the end of the most recent quarter.

About Bitwise Ethereum Strategy ETF

The Bitwise Ethereum Strategy ETF (AETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is an actively managed fund that that seeks capital appreciation by providing Ethereum-linked exposure. The fund exclusively invests in ether futures contracts AETH was launched on Sep 29, 2023 and is issued by Bitwise.