Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.13, but opened at $12.60. Grayscale Ethereum Trust ETF shares last traded at $12.63, with a volume of 415,921 shares changing hands.
Grayscale Ethereum Trust ETF Price Performance
The company’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $18.69. The stock has a market capitalization of $1.31 billion, a PE ratio of 2.06 and a beta of 2.59.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of Grayscale Ethereum Trust ETF by 5.6% during the 1st quarter. NewEdge Advisors LLC now owns 37,879 shares of the company’s stock valued at $647,000 after buying an additional 2,014 shares during the period. Western Wealth Management LLC acquired a new position in Grayscale Ethereum Trust ETF during the 1st quarter worth about $68,000. Arkadios Wealth Advisors boosted its stake in shares of Grayscale Ethereum Trust ETF by 2.5% in the first quarter. Arkadios Wealth Advisors now owns 42,956 shares of the company’s stock valued at $733,000 after purchasing an additional 1,065 shares during the period. Quantinno Capital Management LP purchased a new position in Grayscale Ethereum Trust ETF in the 1st quarter valued at approximately $172,000. Finally, Aristides Capital LLC boosted its holdings in Grayscale Ethereum Trust ETF by 12.9% in the first quarter. Aristides Capital LLC now owns 50,800 shares of the company’s stock valued at $867,000 after purchasing an additional 5,815 shares during the period.
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.
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