ProShares Ether ETF (NYSEARCA:EETH) Short Interest Down 26.7% in January

ProShares Ether ETF (NYSEARCA:EETH) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 210,572 shares, a decrease of 26.7% from the December 31st total of 287,370 shares. Based on an average trading volume of 160,042 shares, the days-to-cover ratio is presently 1.3 days. Currently, 14.2% of the company’s shares are short sold. Currently, 14.2% of the company’s shares are short sold. Based on an average trading volume of 160,042 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in ProShares Ether ETF in the third quarter worth $89,000. IMC Chicago LLC bought a new stake in ProShares Ether ETF in the third quarter valued at about $1,147,000. Finally, Arkadios Wealth Advisors bought a new stake in ProShares Ether ETF in the third quarter valued at approximately $1,972,000.

ProShares Ether ETF Trading Down 4.6%

Shares of NYSEARCA EETH traded down $1.61 during trading on Friday, reaching $33.24. 248,559 shares of the stock were exchanged, compared to its average volume of 150,761. The business’s 50-day moving average price is $39.28 and its 200 day moving average price is $56.14. ProShares Ether ETF has a twelve month low of $27.13 and a twelve month high of $84.43.

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.