UltraShort Ether ETF (NYSEARCA:ETHD) Stock Price Down 13.7% – What’s Next?

UltraShort Ether ETF (NYSEARCA:ETHD) was down 13.7% during mid-day trading on Monday . The stock traded as low as $69.71 and last traded at $74.04. Approximately 763,527 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 934,145 shares. The stock had previously closed at $85.75.

UltraShort Ether ETF Stock Performance

The firm’s 50-day moving average is $63.18 and its two-hundred day moving average is $49.37.

UltraShort Ether ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, March 2nd will be issued a dividend of $1.514 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from UltraShort Ether ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 28.0%.

Institutional Trading of UltraShort Ether ETF

Several large investors have recently made changes to their positions in ETHD. StoneX Group Inc. acquired a new position in UltraShort Ether ETF in the 2nd quarter valued at $156,000. Group One Trading LLC acquired a new stake in shares of UltraShort Ether ETF in the third quarter valued at about $172,000. Susquehanna International Group LLP lifted its stake in shares of UltraShort Ether ETF by 23.3% in the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock worth $498,000 after buying an additional 25,540 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of UltraShort Ether ETF in the third quarter worth about $901,000. Finally, Jane Street Group LLC boosted its position in UltraShort Ether ETF by 184.2% during the second quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after acquiring an additional 51,295 shares during the last quarter.

UltraShort Ether ETF Company Profile

The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.