ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 9,235 shares, a growth of 66.0% from the September 15th total of 5,564 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 30,922 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Short Ether ETF Price Performance
Shares of SETH stock opened at $32.96 on Friday. The firm has a fifty day moving average of $34.26 and a 200-day moving average of $43.23. ProShares Short Ether ETF has a 12-month low of $29.19 and a 12-month high of $62.82.
Institutional Investors Weigh In On ProShares Short Ether ETF
An institutional investor recently bought a new position 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 second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 investment portfolio, making the stock its 24th largest holding. 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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