Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Stock Short Interest Report for October

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,017,999 shares, a growth of 75.8% from the September 30th total of 1,147,951 shares. Based on an average trading volume of 2,200,053 shares, the short-interest ratio is presently 0.9 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Grayscale Ethereum Mini Trust ETF

A number of large investors have recently modified their holdings of ETH. MADDEN SECURITIES Corp purchased a new position in shares of Grayscale Ethereum Mini Trust ETF during the 3rd quarter worth approximately $29,000. Heritage Family Offices LLP bought a new stake in shares of Grayscale Ethereum Mini Trust ETF during the third quarter valued at approximately $29,000. Turim 21 Investimentos Ltda. purchased a new position in shares of Grayscale Ethereum Mini Trust ETF in the first quarter worth $30,000. GK Wealth Management LLC bought a new position in Grayscale Ethereum Mini Trust ETF during the 3rd quarter valued at about $38,000. Finally, Global Assets Advisory LLC bought a new position in Grayscale Ethereum Mini Trust ETF during the first quarter valued at approximately $45,000. Institutional investors own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Price Performance

NYSEARCA ETH traded up $0.47 during trading hours on Tuesday, reaching $21.89. 553,856 shares of the stock traded hands, compared to its average volume of 4,534,676. The stock has a 50 day simple moving average of $23.88 and a two-hundred day simple moving average of $20.86. Grayscale Ethereum Mini Trust ETF has a 1 year low of $14.53 and a 1 year high of $34.01. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 9.27 and a beta of 2.54.

Grayscale Ethereum Mini Trust ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, November 3rd will be issued a dividend of $0.0331 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. This is a decrease from Grayscale Ethereum Mini Trust ETF’s previous monthly dividend of $0.0422. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio (DPR) is currently 42.37%.

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.