ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 5,564 shares, a decrease of 65.0% from the August 31st total of 15,875 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 25,105 shares, the days-to-cover ratio is currently 0.2 days.
ProShares Short Ether ETF Price Performance
SETH stock traded down $0.23 during mid-day trading on Tuesday, reaching $30.11. The company had a trading volume of 20,076 shares, compared to its average volume of 48,141. ProShares Short Ether ETF has a fifty-two week low of $29.19 and a fifty-two week high of $62.82. The firm has a fifty day simple moving average of $37.90 and a 200 day simple moving average of $44.80.
Institutional Investors Weigh In On ProShares Short Ether ETF
An institutional investor recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC purchased a new stake in ProShares Short Ether ETF (NYSEARCA:SETH – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF comprises 0.6% of Tucker Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Tucker Asset Management LLC owned approximately 11.48% of ProShares Short Ether ETF at the end of the most recent quarter.
About ProShares Short Ether ETF
The ProShares Short Ether Strategy ETF (SETH) is an exchange-traded fund that is based on the Bloomberg Galaxy Ethereum index. The fund tracks the inverse (-1x) daily price movements of its underlying index. The fund aims to profit from the price decline of Ether SETH was launched on Nov 2, 2023 and is issued by ProShares.
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