2x Ether ETF (NYSEARCA:ETHU) Shares Gap Down – What’s Next?

2x Ether ETF (NYSEARCA:ETHU)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.70, but opened at $3.34. 2x Ether ETF shares last traded at $3.57, with a volume of 13,475,127 shares trading hands.

2x Ether ETF Stock Down 7.6 %

The firm’s fifty day moving average is $6.58 and its 200 day moving average is $6.67.

2x Ether ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 16th were paid a $0.0029 dividend. The ex-dividend date was Monday, December 16th.

Hedge Funds 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 shares of 2x Ether ETF (NYSEARCA:ETHU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,442 shares of the company’s stock, valued at approximately $549,000.

About 2x Ether ETF

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.