Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down – Here’s Why

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $27.54, but opened at $26.14. Grayscale Ethereum Trust (ETH) shares last traded at $26.12, with a volume of 2,089,701 shares traded.

Grayscale Ethereum Trust (ETH) Price Performance

The firm has a 50-day simple moving average of $28.91 and a two-hundred day simple moving average of $29.26.

Hedge Funds Weigh In On Grayscale Ethereum Trust (ETH)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC lifted its position in Grayscale Ethereum Trust (ETH) by 226.1% in the first quarter. DRW Securities LLC now owns 1,514,618 shares of the company’s stock worth $23,052,000 after purchasing an additional 1,050,147 shares during the period. IMC Chicago LLC lifted its holdings in shares of Grayscale Ethereum Trust (ETH) by 73,337.7% during the 3rd quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock worth $6,927,000 after acquiring an additional 202,412 shares during the period. Jump Financial LLC acquired a new stake in shares of Grayscale Ethereum Trust (ETH) during the 3rd quarter valued at about $5,422,000. StoneX Group Inc. increased its stake in Grayscale Ethereum Trust (ETH) by 510.5% in the second quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock valued at $2,796,000 after acquiring an additional 112,063 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in Grayscale Ethereum Trust (ETH) by 3,753.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 98,922 shares of the company’s stock worth $3,390,000 after purchasing an additional 96,355 shares in the last quarter.

About Grayscale Ethereum Trust (ETH)

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property (“ip”​) from research that our industry partners tell us meet emerging real-world challenges.