Stock Traders Purchase Large Volume of Grayscale Ethereum Trust ETF Call Options (NYSEARCA:ETHE)

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) was the target of unusually large options trading on Wednesday. Stock investors acquired 4,826 call options on the stock. This is an increase of approximately 51% compared to the typical volume of 3,199 call options.

Grayscale Ethereum Trust ETF Stock Performance

Shares of NYSEARCA ETHE opened at $20.65 on Thursday. The company has a market cap of $2.83 billion, a PE ratio of 2.13 and a beta of 3.85. The business has a 50-day simple moving average of $18.48 and a two-hundred day simple moving average of $21.74. Grayscale Ethereum Trust ETF has a fifty-two week low of $12.10 and a fifty-two week high of $34.53.

About Grayscale Ethereum Trust ETF

The Grayscale Ethereum Trust ETF (ETHE) 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. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.