Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Up 10.2% – Still a Buy?

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) shot up 10.2% on Friday . The stock traded as high as $38.57 and last traded at $38.40. 8,649,289 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 5,009,970 shares. The stock had previously closed at $34.86.

Grayscale Ethereum Trust (ETH) Stock Up 14.6%

The stock’s fifty day simple moving average is $27.72 and its 200 day simple moving average is $21.47.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ETHE. Evergreen Capital Management LLC grew its holdings in Grayscale Ethereum Trust (ETH) by 309.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 46,250 shares of the company’s stock valued at $965,000 after buying an additional 34,950 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Grayscale Ethereum Trust (ETH) by 106.4% in the second quarter. Corient Private Wealth LLC now owns 34,454 shares of the company’s stock valued at $719,000 after purchasing an additional 17,764 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the second quarter valued at approximately $41,000. Diversify Advisory Services LLC acquired a new position in shares of Grayscale Ethereum Trust (ETH) in the second quarter worth $157,000. Finally, NewEdge Advisors LLC increased its stake in Grayscale Ethereum Trust (ETH) by 2.0% in the second quarter. NewEdge Advisors LLC now owns 35,281 shares of the company’s stock valued at $736,000 after purchasing an additional 680 shares during the last quarter.

About Grayscale Ethereum Trust (ETH)

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property (“ip”​) from research that our industry partners tell us meet emerging real-world challenges.