Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) Stock Short Interest Falls 38.8%

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,147,951 shares, a drop of 38.8% from the September 15th total of 1,874,751 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 2,778,578 shares, the days-to-cover ratio is currently 0.4 days.

Grayscale Ethereum Mini Trust ETF Stock Down 1.8%

ETH stock traded down $0.41 during trading hours on Friday, hitting $22.96. The company’s stock had a trading volume of 1,989,825 shares, compared to its average volume of 4,672,538. The company has a market capitalization of $2.02 billion, a PE ratio of 9.74 and a beta of 2.54. Grayscale Ethereum Mini Trust ETF has a 12 month low of $14.53 and a 12 month high of $39.90. The stock has a 50 day moving average price of $23.14 and a two-hundred day moving average price of $20.36.

Grayscale Ethereum Mini Trust ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were issued a dividend of $0.0422 per share. This represents a $0.51 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, October 5th. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio (DPR) is 42.37%.

Institutional Trading of Grayscale Ethereum Mini Trust ETF

Several large investors have recently made changes to their positions in ETH. AdvisorNet Financial Inc raised its position in shares of Grayscale Ethereum Mini Trust ETF by 1.6% in the third quarter. AdvisorNet Financial Inc now owns 33,224 shares of the company’s stock valued at $847,000 after purchasing an additional 526 shares during the period. WealthPlan Investment Management LLC acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF in the third quarter worth $214,000. Sloy Dahl & Holst LLC boosted its holdings in shares of Grayscale Ethereum Mini Trust ETF by 2.1% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 883,884 shares of the company’s stock worth $22,530,000 after buying an additional 17,931 shares during the period. Lodestone Wealth Management LLC boosted its holdings in shares of Grayscale Ethereum Mini Trust ETF by 83.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 2,263 shares of the company’s stock worth $58,000 after buying an additional 1,030 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Grayscale Ethereum Mini Trust ETF during the 3rd quarter worth $437,000. 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.