Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Trading Up 5.1% - Here's What Happened

Key Points

• Grayscale Ethereum Trust (ETH) shares rose by 5.1%, closing at $36.99 after trading as high as $36.99 during the day.
• Hedge funds have begun adjusting their investments in Grayscale Ethereum Trust (ETH), with notable increases from CWM LLC and several new positions established in the first quarter.
• The stock’s 50-day and 200-day moving average prices are currently at $29.96 and $22.16, reflecting a strong upward trend compared to previous averages.

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - ) were up 5.1% during trading on Wednesday . The company traded as high as $36.99 and last traded at $36.99. Approximately 3,159,595 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 5,133,874 shares. The stock had previously closed at $35.21.

Grayscale Ethereum Trust (ETH) Stock Up 4.4%

The stock's 50 day moving average price is $29.96 and its 200 day moving average price is $22.16.

Hedge Funds Weigh In On Grayscale Ethereum Trust (ETH)

Hedge funds have recently made changes to their positions in the business. Verde Capital Management purchased a new position in shares of Grayscale Ethereum Trust (ETH) in the 1st quarter valued at $2,473,000. CWM LLC increased its stake in Grayscale Ethereum Trust (ETH) by 635.7% during the 1st quarter. CWM LLC now owns 15,927 shares of the company's stock worth $242,000 after buying an additional 13,762 shares during the period. Simplicity Wealth LLC purchased a new stake in Grayscale Ethereum Trust (ETH) during the 1st quarter worth $536,000. Avantax Advisory Services Inc. increased its stake in Grayscale Ethereum Trust (ETH) by 144.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 72,900 shares of the company's stock worth $1,110,000 after buying an additional 43,018 shares during the period. Finally, HB Wealth Management LLC increased its stake in Grayscale Ethereum Trust (ETH) by 103.7% during the 1st quarter. HB Wealth Management LLC now owns 19,587 shares of the company's stock worth $298,000 after buying an additional 9,971 shares during the period.

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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