Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Stock Price Up 3.4% – Still a Buy?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) shares were up 3.4% on Tuesday . The stock traded as high as $25.59 and last traded at $25.49. Approximately 3,065,094 shares changed hands during trading, a decline of 43% from the average daily volume of 5,405,410 shares. The stock had previously closed at $24.64.

Grayscale Ethereum Trust ETF Stock Down 3.8%

The stock has a market cap of $6.26 billion, a P/E ratio of 2.06 and a beta of 4.48. The firm’s 50-day moving average is $32.29 and its two-hundred day moving average is $28.67.

Grayscale Ethereum Trust ETF 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.

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