Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $16.10 and last traded at $16.20, with a volume of 5235199 shares trading hands. The stock had previously closed at $18.00.
Grayscale Ethereum Trust Trading Down 3.6 %
The firm’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $24.35. The firm has a market cap of $2.38 billion, a PE ratio of 2.19 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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