Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.59 and traded as high as $45.19. Bitwise Ethereum Strategy ETF shares last traded at $44.49, with a volume of 11,645 shares trading hands.

Bitwise Ethereum Strategy ETF Trading Up 5.9 %

The business’s 50 day moving average is $34.59 and its two-hundred day moving average is $38.42.

Institutional Trading of Bitwise Ethereum Strategy ETF

A hedge fund recently raised its stake in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC increased its position in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,961 shares of the company’s stock after purchasing an additional 3,048 shares during the period. Jane Street Group LLC owned 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 at the end of the most recent quarter.

About Bitwise Ethereum Strategy ETF

The Bitwise Ethereum Strategy ETF (AETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is an actively managed fund that that seeks capital appreciation by providing Ethereum-linked exposure. The fund exclusively invests in ether futures contracts AETH was launched on Sep 29, 2023 and is issued by Bitwise.