Shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.56 and traded as low as $16.90. Grayscale Ethereum Trust ETF shares last traded at $17.03, with a volume of 2,202,711 shares trading hands.
Grayscale Ethereum Trust ETF Trading Down 4.5%
The company’s 50-day moving average is $19.93 and its 200 day moving average is $17.56. The firm has a market cap of $1.61 billion, a PE ratio of 2.06 and a beta of 2.61.
Grayscale Ethereum Trust ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, November 3rd were paid a dividend of $0.0246 per share. This is a decrease from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320. The ex-dividend date of this dividend was Tuesday, November 3rd. This represents a $0.30 annualized dividend and a yield of 1.7%.
Institutional Trading of Grayscale Ethereum Trust ETF
Hedge funds have recently modified their holdings of the business. Pathway Financial Advisers LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the third quarter worth $27,000. Heritage Family Offices LLP purchased a new position in shares of Grayscale Ethereum Trust ETF during the third quarter valued at $58,000. IFP Advisors Inc grew its holdings in shares of Grayscale Ethereum Trust ETF by 54.6% during the third quarter. IFP Advisors Inc now owns 2,873 shares of the company’s stock valued at $62,000 after buying an additional 1,015 shares in the last quarter. Jacobi Capital Management LLC acquired a new position in Grayscale Ethereum Trust ETF during the third quarter valued at $82,000. Finally, Western Wealth Management LLC acquired a new position in Grayscale Ethereum Trust ETF during the first quarter valued at $68,000.
About Grayscale Ethereum Trust ETF
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.
Recommended Stories
- Five stocks we like better than Grayscale Ethereum Trust ETF
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
