Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report)’s stock price shot up 10.6% during mid-day trading on Friday . The stock traded as high as $19.49 and last traded at $19.49. 557,223 shares changed hands during trading, a decline of 87% from the average session volume of 4,456,909 shares. The stock had previously closed at $17.62.
Grayscale Ethereum Trust Trading Up 10.0 %
The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 1.36 and a beta of 3.63. The firm has a fifty day simple moving average of $15.25 and a 200-day simple moving average of $22.43.
Grayscale Ethereum Trust Company Profile
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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