ProShares Ether ETF (NYSEARCA:EETH) Short Interest Down 57.4% in March

ProShares Ether ETF (NYSEARCA:EETHGet Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 147,739 shares, a decrease of 57.4% from the March 15th total of 346,702 shares. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,913 shares, the short-interest ratio is presently 2.1 days.

ProShares Ether ETF Stock Performance

EETH traded up $0.61 on Tuesday, reaching $28.62. The company had a trading volume of 67,270 shares, compared to its average volume of 132,895. The company has a fifty day moving average of $25.77 and a 200-day moving average of $39.50. ProShares Ether ETF has a one year low of $22.43 and a one year high of $84.43.

ProShares Ether ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0323 per share. This is a positive change from ProShares Ether ETF’s previous monthly dividend of $0.03. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%.

Hedge Funds Weigh In On ProShares Ether ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in shares of ProShares Ether ETF during the 3rd quarter valued at about $89,000. Group One Trading LLC bought a new position in shares of ProShares Ether ETF during the 4th quarter valued at about $258,000. LFG Wealth Partners LLC bought a new position in shares of ProShares Ether ETF during the 4th quarter valued at about $307,000. DRW Securities LLC bought a new position in shares of ProShares Ether ETF during the 4th quarter valued at about $491,000. Finally, IMC Chicago LLC bought a new position in shares of ProShares Ether ETF during the 3rd quarter valued at about $1,147,000.

ProShares Ether ETF Company Profile

(Get Free Report)

The ProShares Ether Strategy ETF (EETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, seeking exposure to the price movements of ether (ETH). The fund’s primary investment is USD cash-settled, front-month ether futures contracts EETH was launched on Oct 2, 2023 and is issued by ProShares.

Read More

Receive News & Ratings for ProShares Ether ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ether ETF and related companies with MarketBeat.com's FREE daily email newsletter.