Shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) were up 6.2% during trading on Friday . The company traded as high as $20.93 and last traded at $21.0250. 1,453,803 shares traded hands during trading, a decline of 60% from the average session volume of 3,664,754 shares. The stock had previously closed at $19.79.
Grayscale Ethereum Trust ETF Price Performance
The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 2.06 and a beta of 2.59. The stock has a 50 day simple moving average of $16.59 and a two-hundred day simple moving average of $16.59.
Grayscale Ethereum Trust ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were paid a $0.0217 dividend. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 4th.
Institutional Inflows and Outflows
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.
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