Shares of Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $15.88, but opened at $16.76. Grayscale Ethereum Trust shares last traded at $16.80, with a volume of 649,613 shares changing hands.
Grayscale Ethereum Trust Stock Performance
The company has a market cap of $2.58 billion, a price-to-earnings ratio of 2.19 and a beta of 3.40. The business’s 50 day moving average price is $22.65 and its 200-day moving average price is $24.15.
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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