Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report)’s stock price fell 6.7% on Monday . The stock traded as low as $19.92 and last traded at $20.11. 1,147,614 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 4,552,616 shares. The stock had previously closed at $21.56.
Grayscale Ethereum Trust Stock Performance
The stock has a 50-day moving average of $15.66 and a 200-day moving average of $22.44. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 2.10 and a beta of 3.77.
Grayscale Ethereum Trust Company Profile
The Grayscale Ethereum Trust ETF (ETHE) 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. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.
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