Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Trading Down 0.1% – Time to Sell?

Shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) dropped 0.1% during mid-day trading on Monday . The company traded as low as $31.29 and last traded at $31.31. Approximately 446 shares changed hands during trading, a decline of 95% from the average daily volume of 8,521 shares. The stock had previously closed at $31.33.

Bitwise Ethereum Strategy ETF Stock Down 0.1 %

The company’s fifty day moving average is $32.35 and its two-hundred day moving average is $35.45.

Hedge Funds Weigh In On Bitwise Ethereum Strategy ETF

An institutional investor recently raised its position in Bitwise Ethereum Strategy ETF stock. Global Retirement Partners LLC grew its position in Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,101 shares of the company’s stock after purchasing an additional 3,532 shares during the period. Global Retirement Partners LLC owned about 3.70% of Bitwise Ethereum Strategy ETF worth $411,000 at the end of the most recent reporting period.

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.