Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $13.47, but opened at $14.71. Grayscale Ethereum Trust ETF shares last traded at $14.67, with a volume of 678,871 shares traded.
Grayscale Ethereum Trust ETF Stock Up 10.7%
The firm has a 50-day moving average price of $17.27 and a 200 day moving average price of $19.77. The firm has a market capitalization of $1.57 billion, a PE ratio of 2.06 and a beta of 2.46.
Hedge Funds Weigh In On Grayscale Ethereum Trust ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of ETHE. DRW Securities LLC purchased a new position in Grayscale Ethereum Trust ETF during the 4th quarter valued at about $12,338,000. Integrated Advisors Network LLC boosted its holdings in Grayscale Ethereum Trust ETF by 142.7% during the 1st quarter. Integrated Advisors Network LLC now owns 358,249 shares of the company’s stock valued at $6,115,000 after acquiring an additional 210,612 shares during the period. Jump Financial LLC purchased a new position in Grayscale Ethereum Trust ETF during the 3rd quarter valued at about $5,422,000. Newbridge Financial Services Group Inc. boosted its holdings in Grayscale Ethereum Trust ETF by 3,753.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 98,922 shares of the company’s stock valued at $3,390,000 after acquiring an additional 96,355 shares during the period. Finally, Halter Ferguson Financial Inc. purchased a new position in Grayscale Ethereum Trust ETF in the fourth quarter valued at $1,837,000.
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.
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