Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down – Time to Sell?

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) shares gapped down prior to trading on Friday . The stock had previously closed at $23.25, but opened at $22.37. Grayscale Ethereum Trust (ETH) shares last traded at $22.48, with a volume of 3,202,540 shares traded.

Grayscale Ethereum Trust (ETH) Stock Performance

The business’s 50-day simple moving average is $32.29 and its 200 day simple moving average is $28.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETHE. DRW Securities LLC lifted its holdings in Grayscale Ethereum Trust (ETH) by 226.1% in the 1st quarter. DRW Securities LLC now owns 1,514,618 shares of the company’s stock worth $23,052,000 after buying an additional 1,050,147 shares during the period. IMC Chicago LLC increased its holdings in shares of Grayscale Ethereum Trust (ETH) by 73,337.7% during the third quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock valued at $6,927,000 after acquiring an additional 202,412 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Grayscale Ethereum Trust (ETH) in the 3rd quarter worth $5,422,000. StoneX Group Inc. boosted its holdings in shares of Grayscale Ethereum Trust (ETH) by 510.5% during the 2nd quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock valued at $2,796,000 after acquiring an additional 112,063 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Grayscale Ethereum Trust (ETH) by 0.8% during the 3rd quarter. Private Advisor Group LLC now owns 133,717 shares of the company’s stock valued at $4,582,000 after buying an additional 1,007 shares during the last quarter.

Grayscale Ethereum Trust (ETH) Company Profile

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property (“ip”​) from research that our industry partners tell us meet emerging real-world challenges.