iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped up before the market opened on Monday . The stock had previously closed at $11.85, but opened at $12.68. iShares Ethereum Trust ETF shares last traded at $12.58, with a volume of 1,964,678 shares.

iShares Ethereum Trust ETF Stock Performance

The firm’s fifty day moving average price is $15.87 and its 200-day moving average price is $20.98.

Hedge Funds Weigh In On iShares Ethereum Trust ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter worth about $25,000. Ridgewood Investments LLC acquired a new stake in iShares Ethereum Trust ETF during the 4th quarter worth approximately $34,000. Highline Wealth Partners LLC bought a new stake in iShares Ethereum Trust ETF during the 4th quarter worth approximately $37,000. Tucker Asset Management LLC increased its position in iShares Ethereum Trust ETF by 10,742.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,518 shares of the company’s stock valued at $38,000 after acquiring an additional 1,504 shares during the period. Finally, Copia Wealth Management acquired a new position in iShares Ethereum Trust ETF in the 4th quarter valued at approximately $41,000.

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.