2x Ether ETF (NYSEARCA:ETHU) Shares Gap Up – Time to Buy?

2x Ether ETF (NYSEARCA:ETHU) gapped up before the market opened on Monday . The stock had previously closed at $2.92, but opened at $3.28. 2x Ether ETF shares last traded at $3.06, with a volume of 18,829,994 shares.

2x Ether ETF Trading Up 8.9 %

The company has a fifty day moving average of $6.01 and a two-hundred day moving average of $6.55.

2x Ether ETF Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 2x Ether ETF stock. Silverleafe Capital Partners LLC acquired a new position in 2x Ether ETF (NYSEARCA:ETHU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.