Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down - Here's What Happened

Key Points

• Grayscale Ethereum Trust (ETH) shares experienced a significant gap down, opening at $34.62 after closing at $36.58, representing a 6.4% drop in value.
• Institutional investors have shown increased interest, with notable investments such as PNC Financial Services boosting its stake by 86.7% and Cornerstone Planning Group increasing its stake by 5,400% in recent quarters.
• The trust's current trading volumes reached 1,965,832 shares, indicating heightened activity amidst market fluctuations.

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - )'s share price gapped down before the market opened on Monday . The stock had previously closed at $36.58, but opened at $34.62. Grayscale Ethereum Trust (ETH) shares last traded at $34.51, with a volume of 1,965,832 shares traded.

Grayscale Ethereum Trust (ETH) Trading Down 6.4%

The business's 50-day moving average is $33.88 and its 200-day moving average is $23.64.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Grayscale Ethereum Trust (ETH) by 86.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company's stock valued at $26,000 after purchasing an additional 569 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Grayscale Ethereum Trust (ETH) in the 2nd quarter valued at about $31,000. Abound Financial LLC bought a new position in shares of Grayscale Ethereum Trust (ETH) in the 1st quarter valued at about $33,000. Headlands Technologies LLC boosted its stake in shares of Grayscale Ethereum Trust (ETH) by 1,221.3% in the 1st quarter. Headlands Technologies LLC now owns 2,352 shares of the company's stock valued at $36,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Grayscale Ethereum Trust (ETH) by 5,400.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,750 shares of the company's stock valued at $41,000 after purchasing an additional 2,700 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.

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