ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,041 shares, a decline of 45.4% from the September 30th total of 9,235 shares. Based on an average trading volume of 29,804 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.2% of the company’s shares are sold short.
ProShares Short Ether ETF Stock Down 0.6%
Shares of NYSEARCA SETH traded down $0.22 during trading hours on Monday, hitting $35.82. The company’s stock had a trading volume of 33,601 shares, compared to its average volume of 45,163. ProShares Short Ether ETF has a 12 month low of $29.19 and a 12 month high of $62.82. The business has a 50-day simple moving average of $32.53 and a 200-day simple moving average of $44.34.
Institutional Investors Weigh In On ProShares Short Ether ETF
A hedge fund recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC bought a new stake in shares of ProShares Short Ether ETF (NYSEARCA:SETH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF makes up approximately 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th biggest position. Tucker Asset Management LLC owned approximately 11.48% of ProShares Short Ether ETF as of its most recent filing with the Securities & Exchange Commission.
ProShares Short Ether ETF Company Profile
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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