2x Ether ETF (NYSEARCA:ETHU) Shares Gap Down – What’s Next?

2x Ether ETF (NYSEARCA:ETHU) gapped down before the market opened on Wednesday . The stock had previously closed at $3.70, but opened at $3.34. 2x Ether ETF shares last traded at $3.57, with a volume of 13,475,127 shares.

2x Ether ETF Price Performance

The business has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $6.67.

2x Ether ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 16th were issued a dividend of $0.0029 per share. The ex-dividend date was Monday, December 16th.

Hedge Funds Weigh In On 2x Ether ETF

An institutional investor recently bought a new position in 2x Ether ETF stock. Silverleafe Capital Partners LLC bought a new position in shares of 2x Ether ETF (NYSEARCA:ETHU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 70,442 shares of the company’s stock, valued at approximately $549,000.

About 2x Ether ETF

The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.