Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Trading 0% Higher – Here’s Why

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH)’s stock price rose 0% during mid-day trading on Friday . The company traded as high as $32.80 and last traded at $32.76. Approximately 3,827 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 4,115 shares. The stock had previously closed at $32.75.

Bitwise Ethereum Strategy ETF Price Performance

The firm’s 50 day simple moving average is $40.51 and its 200-day simple moving average is $36.99.

Institutional Investors Weigh In On Bitwise Ethereum Strategy ETF

A hedge fund recently raised its stake in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC boosted its holdings in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,961 shares of the company’s stock after buying an additional 3,048 shares during the period. Jane Street Group LLC owned approximately 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

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.