iShares Ethereum Trust ETF (NASDAQ:ETHA) Reaches New 12-Month Low – Here’s Why

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

iShares Ethereum Trust ETF Trading Up 4.4 %

The stock’s fifty day moving average is $22.71 and its two-hundred day moving average is $22.13.

Institutional Trading of iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently bought and sold shares of ETHA. PNC Financial Services Group Inc. acquired a new stake in shares of iShares Ethereum Trust ETF in the fourth quarter worth $25,000. Ridgewood Investments LLC purchased a new stake in shares of iShares Ethereum Trust ETF during the fourth quarter worth $34,000. Highline Wealth Partners LLC bought a new position in iShares Ethereum Trust ETF during the fourth quarter valued at about $37,000. Tucker Asset Management LLC raised its holdings in iShares Ethereum Trust ETF by 10,742.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,518 shares of the company’s stock valued at $38,000 after buying an additional 1,504 shares in the last quarter. Finally, Smithfield Trust Co bought a new position in iShares Ethereum Trust ETF during the third quarter valued at about $42,000.

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.