HBK Investments L P decreased its position in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Free Report) by 50.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,621 shares of the company’s stock after selling 158,520 shares during the period. HBK Investments L P owned 0.16% of Grayscale Ethereum Mini Trust ETF worth $2,294,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETH. Kestra Private Wealth Services LLC lifted its position in Grayscale Ethereum Mini Trust ETF by 8.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 11,290 shares of the company’s stock valued at $224,000 after purchasing an additional 835 shares during the period. Beaird Harris Wealth Management LLC grew its position 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 worth $82,000 after buying an additional 929 shares during the period. Van Hulzen Asset Management LLC grew its position 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 buying an additional 976 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Grayscale Ethereum Mini Trust ETF by 58.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock worth $54,000 after buying an additional 1,313 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Grayscale Ethereum Mini Trust ETF during the first quarter worth approximately $30,000. 77.84% of the stock is currently owned by institutional investors and hedge funds.
Grayscale Ethereum Mini Trust ETF Stock Down 0.5%
NYSEARCA ETH traded down $0.11 during trading hours on Wednesday, hitting $22.94. The company’s stock had a trading volume of 3,312,635 shares, compared to its average volume of 4,952,332. The stock has a fifty day moving average of $20.05 and a 200 day moving average of $19.59. Grayscale Ethereum Mini Trust ETF has a twelve month low of $14.53 and a twelve month high of $44.84. The firm has a market capitalization of $2.20 billion, a P/E ratio of 9.72 and a beta of 2.61.
Grayscale Ethereum Mini Trust ETF Announces Dividend
About Grayscale Ethereum Mini Trust ETF
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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