Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.10 and last traded at $16.20, with a volume of 5235199 shares changing hands. The stock had previously closed at $18.00.
Grayscale Ethereum Trust Stock Performance
The business has a fifty day moving average price of $24.49 and a 200 day moving average price of $24.45. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 2.19 and a beta of 3.40.
About Grayscale Ethereum Trust
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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