Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Shares Up 0% – Time to Buy?

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH)’s stock price was up 0% on Friday . The company traded as high as $32.80 and last traded at $32.76. Approximately 3,827 shares changed hands during 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 Stock Performance

The company’s 50-day moving average is $40.64 and its two-hundred day moving average is $37.03.

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 increased its position in Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 at the end of the most recent quarter.

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.