Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Short Interest Update

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,828,545 shares, a growth of 120.2% from the August 15th total of 1,284,349 shares. Based on an average trading volume of 4,420,152 shares, the short-interest ratio is currently 0.6 days. Currently, 3.0% of the company’s stock are short sold.

Grayscale Ethereum Mini Trust ETF Price Performance

ETH stock traded down $0.01 during mid-day trading on Monday, reaching $24.25. The company had a trading volume of 3,491,756 shares, compared to its average volume of 4,941,740. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.27 and a beta of 2.61. Grayscale Ethereum Mini Trust ETF has a 52 week low of $14.53 and a 52 week high of $44.84. The stock has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $19.52.

Grayscale Ethereum Mini Trust ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, September 3rd were paid a $0.0348 dividend. The ex-dividend date was Thursday, September 3rd. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio (DPR) is currently 42.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van Hulzen Asset Management LLC raised its holdings in shares of Grayscale Ethereum Mini Trust ETF by 2.8% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 36,067 shares of the company’s stock valued at $542,000 after purchasing an additional 976 shares during the period. Lotus Asset Management LLC bought a new position in Grayscale Ethereum Mini Trust ETF during the second quarter worth about $199,000. IFP Advisors Inc grew its holdings in Grayscale Ethereum Mini Trust ETF by 40.0% during the second quarter. IFP Advisors Inc now owns 12,340 shares of the company’s stock worth $185,000 after purchasing an additional 3,526 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Grayscale Ethereum Mini Trust ETF during the second quarter worth approximately $183,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Grayscale Ethereum Mini Trust ETF during the second quarter worth approximately $171,000. Institutional investors own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Company Profile

The Grayscale Ethereum Mini Trust ETF (ETH) 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. ETH was launched on Apr 23, 2024 and is issued by Grayscale.