Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) reached a new 52-week low during trading on Saturday . The company traded as low as $12.46 and last traded at $12.75, with a volume of 6822853 shares trading hands. The stock had previously closed at $14.36.
Grayscale Ethereum Trust ETF Price Performance
The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 2.06 and a beta of 2.46. The business’s 50 day simple moving average is $17.60 and its 200 day simple moving average is $20.18.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 5.6% during the first quarter. NewEdge Advisors LLC now owns 37,879 shares of the company’s stock worth $647,000 after acquiring an additional 2,014 shares during the period. Western Wealth Management LLC acquired a new position in shares of Grayscale Ethereum Trust ETF during the first quarter worth about $68,000. Arkadios Wealth Advisors increased its stake in shares of Grayscale Ethereum Trust ETF by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 42,956 shares of the company’s stock worth $733,000 after acquiring an additional 1,065 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Grayscale Ethereum Trust ETF during the first quarter worth about $172,000. Finally, Aristides Capital LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 12.9% during the first quarter. Aristides Capital LLC now owns 50,800 shares of the company’s stock worth $867,000 after acquiring an additional 5,815 shares during the period.
Grayscale Ethereum Trust ETF Company Profile
Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.
See Also
- Five stocks we like better than Grayscale Ethereum Trust ETF
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Grayscale Ethereum Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Ethereum Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
