Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Shares Down 0.1% – Should You Sell?

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH)’s stock price dropped 0.1% during trading on Tuesday . The company traded as low as $32.76 and last traded at $32.78. Approximately 2,837 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 3,204 shares. The stock had previously closed at $32.80.

Bitwise Ethereum Strategy ETF Stock Down 0.1 %

The stock has a 50 day moving average of $36.67 and a 200 day moving average of $35.75.

Hedge Funds Weigh In On Bitwise Ethereum Strategy ETF

A hedge fund recently raised its stake in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC increased its position in Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,961 shares of the company’s stock after purchasing an additional 3,048 shares during the period. Jane Street Group LLC owned 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 at the end of the most recent reporting period.

About Bitwise Ethereum Strategy ETF

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.