Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Down 7.7% – Time to Sell?

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)’s stock price was down 7.7% on Wednesday . The stock traded as low as $23.61 and last traded at $23.67. Approximately 10,496,872 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 5,455,451 shares. The stock had previously closed at $25.64.

Grayscale Ethereum Trust (ETH) Stock Performance

The firm’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $28.74.

Hedge Funds Weigh In On Grayscale Ethereum Trust (ETH)

Several institutional investors have recently modified their holdings of ETHE. DRW Securities LLC grew its position in Grayscale Ethereum Trust (ETH) by 226.1% during the first quarter. DRW Securities LLC now owns 1,514,618 shares of the company’s stock valued at $23,052,000 after acquiring an additional 1,050,147 shares during the last quarter. IMC Chicago LLC grew its holdings in shares of Grayscale Ethereum Trust (ETH) by 73,337.7% during the 3rd quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock valued at $6,927,000 after purchasing an additional 202,412 shares during the last quarter. Jump Financial LLC purchased a new position in Grayscale Ethereum Trust (ETH) in the 3rd quarter worth $5,422,000. StoneX Group Inc. lifted its stake in Grayscale Ethereum Trust (ETH) by 510.5% in the second quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock worth $2,796,000 after purchasing an additional 112,063 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Grayscale Ethereum Trust (ETH) by 0.8% during the third quarter. Private Advisor Group LLC now owns 133,717 shares of the company’s stock valued at $4,582,000 after buying an additional 1,007 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.