Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Stock Price Down 7.7% – Here’s Why

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)’s stock price fell 7.7% during mid-day trading on Wednesday . The stock traded as low as $23.61 and last traded at $23.67. 10,496,872 shares were traded during mid-day trading, an increase of 92% from the average session volume of 5,455,451 shares. The stock had previously closed at $25.64.

Grayscale Ethereum Trust (ETH) Price Performance

The stock has a 50 day moving average price of $32.79 and a 200 day moving average price of $28.74.

Hedge Funds Weigh In On Grayscale Ethereum Trust (ETH)

A number of institutional investors and hedge funds have recently made changes to their positions in ETHE. DRW Securities LLC boosted its stake in Grayscale Ethereum Trust (ETH) by 226.1% in the 1st 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 in the last quarter. IMC Chicago LLC raised its holdings in Grayscale Ethereum Trust (ETH) by 73,337.7% in the third quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock worth $6,927,000 after buying an additional 202,412 shares during the last quarter. Jump Financial LLC bought a new position in shares of Grayscale Ethereum Trust (ETH) in the third quarter worth approximately $5,422,000. StoneX Group Inc. grew its holdings in shares of Grayscale Ethereum Trust (ETH) by 510.5% during the second quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock valued at $2,796,000 after buying an additional 112,063 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Grayscale Ethereum Trust (ETH) by 3,753.6% during the third 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 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.