Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Stock Short Interest Rises 75.8%

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,017,999 shares, an increase of 75.8% from the September 30th total of 1,147,951 shares. Based on an average daily volume of 2,200,053 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.3% of the shares of the company are short sold.

Institutional Trading of Grayscale Ethereum Mini Trust ETF

A number of hedge funds have recently added to or reduced their stakes in ETH. Integrity Wealth Partners LLC purchased a new position in shares of Grayscale Ethereum Mini Trust ETF during the 1st quarter worth approximately $707,000. Compass Financial Management LLC purchased a new stake in shares of Grayscale Ethereum Mini Trust ETF in the second quarter valued at approximately $2,931,000. Avaii Wealth Management LLC boosted its stake in shares of Grayscale Ethereum Mini Trust ETF by 414.3% in the third quarter. Avaii Wealth Management LLC now owns 57,831 shares of the company’s stock valued at $1,472,000 after buying an additional 46,586 shares in the last quarter. Graetz Wealth LLC purchased a new stake in shares of Grayscale Ethereum Mini Trust ETF in the first quarter valued at approximately $1,334,000. Finally, Simplicity Wealth LLC grew its holdings in Grayscale Ethereum Mini Trust ETF by 112.7% during the third quarter. Simplicity Wealth LLC now owns 51,115 shares of the company’s stock worth $1,303,000 after acquiring an additional 27,085 shares during the period. 77.84% of the stock is owned by institutional investors and hedge funds.

Grayscale Ethereum Mini Trust ETF Stock Down 4.4%

NYSEARCA:ETH traded down $0.99 during trading hours on Friday, reaching $21.29. 4,167,694 shares of the company’s stock were exchanged, compared to its average volume of 4,564,924. Grayscale Ethereum Mini Trust ETF has a 1-year low of $14.53 and a 1-year high of $36.76. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.02 and a beta of 2.54. The company has a 50-day moving average of $23.92 and a 200 day moving average of $20.90.

Grayscale Ethereum Mini Trust ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, October 5th were given a $0.0422 dividend. This represents a $0.51 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, October 5th. Grayscale Ethereum Mini Trust ETF’s payout ratio is 42.37%.

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.