Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Trading Up 8% – Still a Buy?

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) shot up 8% during mid-day trading on Tuesday . The company traded as high as $24.49 and last traded at $24.44. 2,235,449 shares traded hands during trading, a decline of 60% from the average session volume of 5,534,394 shares. The stock had previously closed at $22.64.

Grayscale Ethereum Trust (ETH) Stock Up 0.1%

The firm has a 50 day moving average price of $30.00 and a 200-day moving average price of $29.05.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Grayscale Ethereum Trust (ETH) by 1.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 40,281 shares of the company’s stock worth $1,380,000 after purchasing an additional 693 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Grayscale Ethereum Trust (ETH) during the third quarter valued at approximately $1,687,000. NewEdge Advisors LLC raised its holdings in shares of Grayscale Ethereum Trust (ETH) by 20.9% in the third quarter. NewEdge Advisors LLC now owns 42,658 shares of the company’s stock worth $1,462,000 after buying an additional 7,377 shares during the period. Vivaldi Capital Management LP purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the third quarter worth approximately $237,000. Finally, Sterling Financial Group Inc. lifted its stake in shares of Grayscale Ethereum Trust (ETH) by 257.1% during the 3rd quarter. Sterling Financial Group Inc. now owns 50,000 shares of the company’s stock worth $1,714,000 after acquiring an additional 36,000 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.