Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Sees Significant Growth in Short Interest

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,314,059 shares, a growth of 47.1% from the August 31st total of 2,931,801 shares. Based on an average daily volume of 3,575,538 shares, the short-interest ratio is currently 1.2 days. Currently, 4.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ETHE. Alesco Advisors LLC An ESL Co grew its holdings in shares of Grayscale Ethereum Trust ETF by 8.9% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 10,972 shares of the company’s stock valued at $187,000 after purchasing an additional 900 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Grayscale Ethereum Trust ETF by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 42,956 shares of the company’s stock valued at $733,000 after purchasing an additional 1,065 shares during the last quarter. HB Wealth Management LLC boosted its position in Grayscale Ethereum Trust ETF by 3.6% in the second quarter. HB Wealth Management LLC now owns 35,350 shares of the company’s stock valued at $451,000 after buying an additional 1,221 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 3.5% in the first quarter. Simplicity Wealth LLC now owns 40,057 shares of the company’s stock valued at $684,000 after buying an additional 1,372 shares during the period. Finally, North Star Investment Management Corp. increased its position in Grayscale Ethereum Trust ETF by 29.1% during the 1st quarter. North Star Investment Management Corp. now owns 6,739 shares of the company’s stock valued at $115,000 after purchasing an additional 1,517 shares during the period.

Grayscale Ethereum Trust ETF Stock Up 1.2%

Shares of ETHE stock traded up $0.26 during trading hours on Thursday, reaching $21.69. The company’s stock had a trading volume of 1,883,033 shares, compared to its average volume of 3,678,259. Grayscale Ethereum Trust ETF has a fifty-two week low of $12.36 and a fifty-two week high of $39.17. The firm’s 50 day simple moving average is $18.34 and its 200-day simple moving average is $17.04. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 2.06 and a beta of 2.59.

Grayscale Ethereum Trust ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were paid a $0.0217 dividend. This represents a $0.26 annualized dividend and a yield of 1.2%. This is a drop from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0219. The ex-dividend date of this dividend was Tuesday, August 4th.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.