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

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) was down 0.1% on Monday . The company traded as low as $31.29 and last traded at $31.31. Approximately 446 shares were traded during mid-day 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 Performance

The company’s 50 day simple moving average is $32.35 and its two-hundred day simple moving average is $35.45.

Institutional Trading of Bitwise Ethereum Strategy ETF

A hedge fund recently raised its stake in Bitwise Ethereum Strategy ETF stock. Global Retirement Partners LLC lifted its stake in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,101 shares of the company’s stock after purchasing an additional 3,532 shares during the period. Global Retirement Partners LLC owned approximately 3.70% of Bitwise Ethereum Strategy ETF worth $411,000 at the end of the most recent reporting period.

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.