Grayscale Ethereum Mini Trust ETF Target of Unusually Large Options Trading (NYSEARCA:ETH)

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the target of some unusual options trading on Thursday. Stock investors acquired 18,804 call options on the company. This represents an increase of approximately 1,011% compared to the average volume of 1,692 call options.

Grayscale Ethereum Mini Trust ETF Price Performance

Grayscale Ethereum Mini Trust ETF stock traded up $1.67 during mid-day trading on Thursday, hitting $21.74. The company’s stock had a trading volume of 2,176,961 shares, compared to its average volume of 5,021,442. The firm’s 50 day moving average is $17.22 and its 200 day moving average is $19.06. The company has a market cap of $2.08 billion, a PE ratio of 9.21 and a beta of 2.48. Grayscale Ethereum Mini Trust ETF has a 52-week low of $14.53 and a 52-week high of $45.78.

Hedge Funds Weigh In On Grayscale Ethereum Mini Trust ETF

Large investors have recently made changes to their positions in the business. Compass Financial Management LLC purchased a new stake in shares of Grayscale Ethereum Mini Trust ETF in the second quarter worth approximately $2,931,000. Beaird Harris Wealth Management LLC increased its stake in Grayscale Ethereum Mini Trust ETF by 20.5% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 5,451 shares of the company’s stock valued at $82,000 after buying an additional 929 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Grayscale Ethereum Mini Trust ETF by 58.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock valued at $54,000 after buying an additional 1,313 shares during the period. Cooper Financial Group lifted its position in Grayscale Ethereum Mini Trust ETF by 11.9% in the 2nd quarter. Cooper Financial Group now owns 44,433 shares of the company’s stock worth $668,000 after buying an additional 4,740 shares in the last quarter. Finally, Miller Global Investments LLC lifted its position in Grayscale Ethereum Mini Trust ETF by 285.0% in the 2nd quarter. Miller Global Investments LLC now owns 37,972 shares of the company’s stock worth $571,000 after buying an additional 28,109 shares in the last quarter. Institutional investors and hedge funds own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Company Profile

The Grayscale Ethereum Mini Trust ETF (ETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETH was launched on Apr 23, 2024 and is issued by Grayscale.