Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $16.71, but opened at $15.79. Grayscale Ethereum Trust shares last traded at $15.66, with a volume of 856,000 shares.
Grayscale Ethereum Trust Trading Down 6.6 %
The company’s fifty day simple moving average is $20.89 and its 200-day simple moving average is $23.92. The stock has a market cap of $2.27 billion, a P/E ratio of 1.61 and a beta of 3.40.
Grayscale Ethereum Trust Company Profile
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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