Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Trading 5.6% Higher – Here’s Why

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Get Free Report) shares traded up 5.6% on Friday . The company traded as high as $24.65 and last traded at $24.6650. 1,695,348 shares traded hands during trading, a decline of 66% from the average daily volume of 4,916,095 shares. The stock had previously closed at $23.36.

Grayscale Ethereum Mini Trust ETF Stock Up 6.4%

The stock has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $19.65. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 10.52 and a beta of 2.61.

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Grayscale Ethereum Mini Trust ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, September 3rd were given a $0.0348 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. Grayscale Ethereum Mini Trust ETF’s payout ratio is currently 42.37%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC lifted its position in Grayscale Ethereum Mini Trust ETF by 8.0% during the first quarter. Kestra Private Wealth Services LLC now owns 11,290 shares of the company’s stock worth $224,000 after buying an additional 835 shares during the period. Beaird Harris Wealth Management LLC increased its stake in shares of Grayscale Ethereum Mini Trust ETF by 20.5% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 5,451 shares of the company’s stock valued at $82,000 after acquiring an additional 929 shares during the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of Grayscale Ethereum Mini Trust ETF by 2.8% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 36,067 shares of the company’s stock worth $542,000 after acquiring an additional 976 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Grayscale Ethereum Mini Trust ETF by 58.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock worth $54,000 after acquiring an additional 1,313 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Grayscale Ethereum Mini Trust ETF in the first quarter valued at approximately $30,000. 77.84% of the stock is currently owned by institutional investors and hedge funds.

Grayscale Ethereum Mini Trust ETF Company Profile

(Get Free Report)

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.

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