ProShares Short Ether ETF (NYSEARCA:SETH) Short Interest Down 85.0% in June

ProShares Short Ether ETF (NYSEARCA:SETH) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,224 shares, a drop of 85.0% from the May 31st total of 21,448 shares. Based on an average daily volume of 63,504 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the company’s shares are sold short.

ProShares Short Ether ETF Stock Up 1.5%

Shares of SETH opened at $59.43 on Friday. ProShares Short Ether ETF has a 1-year low of $29.20 and a 1-year high of $65.06. The firm’s 50-day moving average price is $48.21 and its 200-day moving average price is $47.38.

Institutional Trading of ProShares Short Ether ETF

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of ProShares Short Ether ETF in the 2nd quarter worth approximately $1,847,000. Brookstone Capital Management purchased a new position in shares of ProShares Short Ether ETF in the 4th quarter valued at approximately $628,000. Susquehanna International Group LLP bought a new stake in shares of ProShares Short Ether ETF during the third quarter valued at approximately $96,000. Finally, Simplex Trading LLC boosted its position in shares of ProShares Short Ether ETF by 535.1% during the fourth quarter. Simplex Trading LLC now owns 1,594 shares of the company’s stock valued at $67,000 after purchasing an additional 1,343 shares in the last quarter.

ProShares Short Ether ETF Company Profile

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.