HBK Investments L P Sells 158,520 Shares of Grayscale Ethereum Mini Trust ETF $ETH

HBK Investments L P decreased its stake in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) by 50.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,621 shares of the company’s stock after selling 158,520 shares during the quarter. HBK Investments L P’s holdings in Grayscale Ethereum Mini Trust ETF were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETH. Van Hulzen Asset Management LLC boosted its holdings in Grayscale Ethereum Mini Trust ETF by 2.8% during the second quarter. Van Hulzen Asset Management LLC now owns 36,067 shares of the company’s stock worth $542,000 after buying an additional 976 shares during the last quarter. Lotus Asset Management LLC bought a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 2nd quarter valued at about $199,000. IFP Advisors Inc raised its position in shares of Grayscale Ethereum Mini Trust ETF by 40.0% in the 2nd quarter. IFP Advisors Inc now owns 12,340 shares of the company’s stock valued at $185,000 after acquiring an additional 3,526 shares during the period. Sterling Investment Advisors Ltd. acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 2nd quarter valued at approximately $183,000. Finally, Concurrent Investment Advisors LLC bought a new position in Grayscale Ethereum Mini Trust ETF during the 2nd quarter worth approximately $171,000. Institutional investors own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Stock Down 0.5%

Grayscale Ethereum Mini Trust ETF stock traded down $0.11 during midday trading on Wednesday, hitting $22.94. 3,312,635 shares of the stock were exchanged, compared to its average volume of 4,952,332. The stock has a market capitalization of $2.20 billion, a PE ratio of 9.72 and a beta of 2.61. The company has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $19.59. Grayscale Ethereum Mini Trust ETF has a 52 week low of $14.53 and a 52 week high of $44.84.

Grayscale Ethereum Mini Trust ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, September 3rd were issued a $0.0348 dividend. The ex-dividend date was Thursday, September 3rd. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio (DPR) is 42.37%.

Grayscale Ethereum Mini Trust ETF 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.