2x Ether ETF (NYSEARCA:ETHU) Shares Gap Up – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU) shares 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 changing hands.

2x Ether ETF Stock Performance

The business’s 50-day moving average price is $6.01 and its 200 day moving average price is $6.55.

2x Ether ETF Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 2x Ether ETF stock. Silverleafe Capital Partners LLC bought a new stake in shares of 2x Ether ETF (NYSEARCA:ETHU) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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.