ProShares Ether ETF (NYSEARCA:EETH) Short Interest Up 33.5% in December

ProShares Ether ETF (NYSEARCA:EETH) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 287,370 shares, a growth of 33.5% from the December 15th total of 215,219 shares. Currently, 11.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 190,835 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 190,835 shares, the short-interest ratio is presently 1.5 days. Currently, 11.1% of the shares of the stock are short sold.

ProShares Ether ETF Price Performance

NYSEARCA:EETH traded up $0.03 on Friday, reaching $41.11. 68,769 shares of the company’s stock traded hands, compared to its average volume of 151,696. ProShares Ether ETF has a 12 month low of $27.13 and a 12 month high of $84.43. The stock has a 50-day simple moving average of $40.92 and a 200-day simple moving average of $56.99.

Institutional Trading of ProShares Ether ETF

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of ProShares Ether ETF during the 3rd quarter worth approximately $89,000. IMC Chicago LLC purchased a new stake in ProShares Ether ETF during the third quarter valued at $1,147,000. Finally, Arkadios Wealth Advisors bought a new position in ProShares Ether ETF during the third quarter valued at $1,972,000.

About ProShares Ether ETF

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.