Grayscale Ethereum Trust Target of Unusually High Options Trading (NYSEARCA:ETHE)

Grayscale Ethereum Trust (NYSEARCA:ETHE) was the recipient of some unusual options trading on Monday. Stock traders purchased 3,545 call options on the stock. This represents an increase of approximately 2,606% compared to the typical daily volume of 131 call options.

Grayscale Ethereum Trust Price Performance

ETHE stock traded up $0.44 during midday trading on Monday, reaching $13.59. 1,021,321 shares of the company were exchanged, compared to its average volume of 4,598,385. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 1.69 and a beta of 3.63. The business has a 50-day moving average price of $16.97 and a two-hundred day moving average price of $23.07. Grayscale Ethereum Trust has a one year low of $12.10 and a one year high of $36.28.

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.