Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.75, but opened at $13.65. Grayscale Ethereum Trust ETF shares last traded at $13.65, with a volume of 821,891 shares trading hands.
Grayscale Ethereum Trust ETF Stock Up 7.7%
The firm’s 50 day simple moving average is $17.60 and its 200 day simple moving average is $20.15. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 2.06 and a beta of 2.46.
Institutional Investors Weigh In On Grayscale Ethereum Trust ETF
Several large investors have recently made changes to their positions in ETHE. Ankerstar Wealth LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the fourth quarter valued at approximately $26,000. Nvwm LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 500.0% in the fourth quarter. Nvwm LLC now owns 1,200 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the third quarter valued at approximately $31,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the third quarter valued at approximately $34,000.
Grayscale Ethereum Trust ETF Company Profile
Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.
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