Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Stock Price Up 2.2% – What’s Next?

Shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) traded up 2.2% on Friday . The stock traded as high as $34.41 and last traded at $34.05. 9,245 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 9,281 shares. The stock had previously closed at $33.30.

Bitwise Ethereum Strategy ETF Price Performance

The firm has a 50-day simple moving average of $32.44 and a two-hundred day simple moving average of $39.45.

Institutional Trading of Bitwise Ethereum Strategy ETF

An institutional investor recently raised its position in Bitwise Ethereum Strategy ETF stock. Claro Advisors LLC lifted its stake in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 36.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,519 shares of the company’s stock after acquiring an additional 2,546 shares during the quarter. Claro Advisors LLC’s holdings in Bitwise Ethereum Strategy ETF were worth $455,000 as of its most recent filing with the SEC.

Bitwise Ethereum Strategy ETF Company Profile

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.