2x Ether ETF (NYSEARCA:ETHU) Stock Price Down 7% – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU) fell 7% during mid-day trading on Friday . The stock traded as low as $2.70 and last traded at $2.79. 21,326,250 shares were traded during trading, a decline of 40% from the average session volume of 35,724,453 shares. The stock had previously closed at $3.00.

2x Ether ETF Stock Performance

The business’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.59.

2x Ether ETF Announces Dividend

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

Hedge Funds Weigh In On 2x Ether ETF

An institutional investor recently bought a new position in 2x Ether ETF stock. Silverleafe Capital Partners LLC bought a new position in 2x Ether ETF (NYSEARCA:ETHU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,442 shares of the company’s stock, valued at approximately $549,000.

2x Ether ETF Company Profile

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.