Shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) shot up 8.1% during mid-day trading on Tuesday . The company traded as high as $24.49 and last traded at $24.47. 2,221,053 shares changed hands during trading, a decline of 60% from the average session volume of 5,534,394 shares. The stock had previously closed at $22.64.
Grayscale Ethereum Trust ETF Stock Performance
The stock has a market cap of $6.67 billion, a PE ratio of 2.06 and a beta of 4.48. The firm has a fifty day moving average price of $30.49 and a 200 day moving average price of $29.08.
About Grayscale Ethereum Trust ETF
The Grayscale Ethereum Trust ETF (ETHE) 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. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.
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