Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Trading Down 5% - What's Next?

Key Points

• Grayscale Ethereum Trust (ETH) shares dropped by 5% on Monday, trading as low as $37.89 before closing at $37.94 with a trading volume increase compared to the average session.
• Several hedge funds significantly increased their positions in Grayscale Ethereum Trust during the fourth quarter, with NewEdge Advisors LLC leading with a 308.2% increase.
• The company's 50-day moving average price stands at $27.72, while the 200-day moving average price is at $21.46, indicating a potential trend in its stock performance.

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - ) shares fell 5% during mid-day trading on Monday . The stock traded as low as $37.89 and last traded at $37.94. 5,151,711 shares were traded during trading, an increase of 1% from the average session volume of 5,097,510 shares. The stock had previously closed at $39.94.

Grayscale Ethereum Trust (ETH) Stock Performance

The company's 50-day moving average price is $27.72 and its 200-day moving average price is $21.46.

Institutional Trading of Grayscale Ethereum Trust (ETH)

Several hedge funds have recently made changes to their positions in ETHE. NewEdge Advisors LLC raised its holdings in Grayscale Ethereum Trust (ETH) by 308.2% in the fourth quarter. NewEdge Advisors LLC now owns 25,307 shares of the company's stock valued at $709,000 after acquiring an additional 19,107 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Grayscale Ethereum Trust (ETH) by 13.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 21,754 shares of the company's stock valued at $610,000 after purchasing an additional 2,549 shares during the last quarter. Lido Advisors LLC increased its position in shares of Grayscale Ethereum Trust (ETH) by 40.2% in the 4th quarter. Lido Advisors LLC now owns 29,338 shares of the company's stock valued at $822,000 after purchasing an additional 8,408 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter valued at approximately $551,000. Finally, Bulltick Wealth Management LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter valued at approximately $347,000.

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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