Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Up 6.7% - Should You Buy?

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Get Free Report) traded up 6.7% on Wednesday . The stock traded as high as $26.88 and last traded at $26.88. 3,094,166 shares were traded during mid-day trading, a decline of 30% from the average session volume of 4,401,172 shares. The stock had previously closed at $25.19.

Grayscale Ethereum Trust (ETH) Price Performance

The company has a 50-day simple moving average of $21.95 and a two-hundred day simple moving average of $20.45.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DRW Securities LLC grew its stake in Grayscale Ethereum Trust (ETH) by 226.1% in the first quarter. DRW Securities LLC now owns 1,514,618 shares of the company's stock worth $23,052,000 after purchasing an additional 1,050,147 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Grayscale Ethereum Trust (ETH) by 33.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 892,989 shares of the company's stock worth $25,022,000 after acquiring an additional 222,604 shares during the last quarter. LPL Financial LLC grew its stake in shares of Grayscale Ethereum Trust (ETH) by 11.2% in the fourth quarter. LPL Financial LLC now owns 287,202 shares of the company's stock worth $8,047,000 after acquiring an additional 28,833 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Grayscale Ethereum Trust (ETH) by 386.3% in the fourth quarter. Virtu Financial LLC now owns 187,396 shares of the company's stock worth $5,251,000 after acquiring an additional 148,863 shares during the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of Grayscale Ethereum Trust (ETH) by 2.0% in the fourth quarter. Cresset Asset Management LLC now owns 170,709 shares of the company's stock worth $4,783,000 after acquiring an additional 3,315 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.