Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Reaches New 1-Year Low – Here’s What Happened

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $12.38 and last traded at $12.55, with a volume of 804296 shares traded. The stock had previously closed at $12.79.

Grayscale Ethereum Trust ETF Stock Performance

The stock has a 50-day moving average of $16.67 and a 200 day moving average of $19.17. The firm has a market capitalization of $1.34 billion, a P/E ratio of 2.06 and a beta of 2.46.

Institutional Trading of Grayscale Ethereum Trust ETF

Large investors have recently made changes to their positions in the business. Brown Advisory Inc. increased its stake in shares of Grayscale Ethereum Trust ETF by 2.3% in the second quarter. Brown Advisory Inc. now owns 18,833 shares of the company’s stock valued at $393,000 after buying an additional 417 shares in the last quarter. Sound Income Strategies LLC lifted its position in Grayscale Ethereum Trust ETF by 33.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,822 shares of the company’s stock worth $49,000 after buying an additional 460 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Grayscale Ethereum Trust ETF by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 19,794 shares of the company’s stock worth $678,000 after buying an additional 481 shares in the last quarter. PFG Investments LLC lifted its position in Grayscale Ethereum Trust ETF by 7.1% during the 4th quarter. PFG Investments LLC now owns 9,467 shares of the company’s stock worth $231,000 after buying an additional 624 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Grayscale Ethereum Trust ETF by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 35,281 shares of the company’s stock worth $736,000 after acquiring an additional 680 shares during the last quarter.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.