Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Trading Up 0% – Here’s What Happened

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) shares were up 0% during mid-day trading on Tuesday . The company traded as high as $27.41 and last traded at $27.35. Approximately 1,679 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 7,829 shares. The stock had previously closed at $27.34.

Bitwise Ethereum Strategy ETF Stock Up 0.0 %

The company has a 50-day moving average price of $31.09 and a 200 day moving average price of $35.20.

Hedge Funds Weigh In On Bitwise Ethereum Strategy ETF

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

Bitwise Ethereum Strategy ETF Company Profile

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.