ProShares Short Ether ETF (NYSEARCA:SETH – Free Report)’s stock is going to reverse split before the market opens on Thursday, November 20th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.
ProShares Short Ether ETF Price Performance
Shares of SETH stock opened at $10.44 on Friday. ProShares Short Ether ETF has a 12-month low of $7.30 and a 12-month high of $30.41. The business has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $11.66.
Hedge Funds Weigh In On ProShares Short Ether ETF
A hedge fund recently bought a new stake in ProShares Short Ether ETF stock. Advisory Services Network LLC bought a new stake in shares of ProShares Short Ether ETF (NYSEARCA:SETH – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 119,951 shares of the company’s stock, valued at approximately $1,847,000. Advisory Services Network LLC owned about 26.66% of ProShares Short Ether ETF at the end of the most recent reporting period.
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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