iShares Ethereum Trust ETF (NASDAQ:ETHA) Reaches New 12-Month Low – What’s Next?

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

iShares Ethereum Trust ETF Stock Performance

The business has a 50-day moving average price of $23.11 and a 200 day moving average price of $22.18.

Institutional Investors Weigh In On iShares Ethereum Trust ETF

Several institutional investors have recently added to or reduced their stakes in ETHA. Millennium Management LLC increased its stake in shares of iShares Ethereum Trust ETF by 156.2% in the fourth quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock worth $105,339,000 after purchasing an additional 2,539,619 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in iShares Ethereum Trust ETF in the 4th quarter valued at approximately $94,155,000. D. E. Shaw & Co. Inc. bought a new stake in iShares Ethereum Trust ETF during the 4th quarter valued at $85,177,000. Schonfeld Strategic Advisors LLC bought a new stake in iShares Ethereum Trust ETF during the 4th quarter valued at $65,632,000. Finally, SG Americas Securities LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter worth $49,847,000.

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.