2x Ether ETF (NYSEARCA:ETHU) Reaches New 1-Year Low – What’s Next?

2x Ether ETF (NYSEARCA:ETHUGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $2.58 and last traded at $2.65, with a volume of 68377575 shares changing hands. The stock had previously closed at $2.92.

2x Ether ETF Stock Performance

The business’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $6.52.

2x Ether ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were given a dividend of $0.0029 per share. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Investors Weigh In On 2x Ether ETF

A hedge fund recently bought a new stake in 2x Ether ETF stock. Silverleafe Capital Partners LLC purchased a new position in 2x Ether ETF (NYSEARCA:ETHUFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 70,442 shares of the company’s stock, valued at approximately $549,000.

2x Ether ETF Company Profile

(Get Free Report)

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.

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