Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Stock Passes Above 50-Day Moving Average – Should You Sell?

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $37.65 and traded as high as $48.45. Bitwise Ethereum Strategy ETF shares last traded at $48.45, with a volume of 14,744 shares.

Bitwise Ethereum Strategy ETF Trading Up 0.9 %

The firm’s 50 day simple moving average is $38.38 and its two-hundred day simple moving average is $38.82.

Hedge Funds Weigh In On Bitwise Ethereum Strategy ETF

An institutional investor recently raised its position in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC raised its position in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% in the third 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 purchasing 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 SEC filing.

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.