ProShares Ether ETF (NYSEARCA:EETH – Get 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
ProShares Ether ETF Company Profile
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.
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