Shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) traded up 7.5% on Tuesday . The stock traded as high as $27.74 and last traded at $27.70. 5,735,105 shares traded hands during trading, an increase of 3% from the average session volume of 5,570,353 shares. The stock had previously closed at $25.76.
Grayscale Ethereum Trust ETF Price Performance
The company has a market cap of $7.44 billion, a PE ratio of 2.06 and a beta of 4.48. The company’s 50 day simple moving average is $29.66 and its two-hundred day simple moving average is $29.22.
About Grayscale Ethereum Trust ETF
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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