Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $16.26, but opened at $15.90. Grayscale Ethereum Trust shares last traded at $15.87, with a volume of 402,513 shares changing hands.
Grayscale Ethereum Trust Trading Down 3.8 %
The firm has a market capitalization of $2.38 billion, a PE ratio of 2.19 and a beta of 3.40. The stock’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $24.35.
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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