Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Trading Down 4.9% – Should You Sell?
by Mitch Edgeman · The Markets DailyGrayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Get Free Report)’s share price fell 4.9% during trading on Thursday . The company traded as low as $19.10 and last traded at $19.31. 934,380 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 8,594,411 shares. The stock had previously closed at $20.30.
Grayscale Ethereum Mini Trust ETF Stock Performance
The firm has a 50 day moving average of $20.32 and a two-hundred day moving average of $28.50. The stock has a market cap of $1.66 billion, a P/E ratio of 8.30 and a beta of 4.50.
Institutional Investors Weigh In On Grayscale Ethereum Mini Trust ETF
An institutional investor recently raised its position in Grayscale Ethereum Mini Trust ETF stock. World Investment Advisors lifted its stake in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,780 shares of the company’s stock after acquiring an additional 1,757 shares during the period. World Investment Advisors’ holdings in Grayscale Ethereum Mini Trust ETF were worth $1,060,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 77.84% of the company’s stock.
Grayscale Ethereum Mini Trust ETF Company Profile
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.