Grayscale Ethereum Trust (NYSEARCA:ETHE) Sets New 52-Week Low – Here’s What Happened

Grayscale Ethereum Trust (NYSEARCA:ETHEGet Free Report)’s stock price hit a new 52-week low on Monday . The company traded as low as $12.38 and last traded at $12.45, with a volume of 1246818 shares trading hands. The stock had previously closed at $15.07.

Grayscale Ethereum Trust Price Performance

The firm has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $23.80. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 1.69 and a beta of 3.63.

Grayscale Ethereum Trust Company Profile

(Get Free Report)

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.

Further Reading

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