iShares Ethereum Trust ETF (NASDAQ:ETHA) Hits New 1-Year Low – Here’s What Happened

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.87 and last traded at $16.09, with a volume of 18355843 shares traded. The stock had previously closed at $16.79.

iShares Ethereum Trust ETF Price Performance

The company’s 50 day simple moving average is $23.11 and its 200 day simple moving average is $22.18.

Institutional Trading of iShares Ethereum Trust ETF

Hedge funds have recently bought and sold shares of the business. Brookstone Capital Management bought a new position in iShares Ethereum Trust ETF in the 4th quarter valued at $332,000. Creative Planning bought a new position in iShares Ethereum Trust ETF during the third quarter valued at about $419,000. Stevens Capital Management LP purchased a new stake in iShares Ethereum Trust ETF during the third quarter worth about $236,000. Jane Street Group LLC bought a new stake in iShares Ethereum Trust ETF in the third quarter worth about $3,129,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in iShares Ethereum Trust ETF in the fourth quarter valued at about $213,000.

About iShares Ethereum Trust ETF

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.