Tucker Asset Management LLC Takes Position in ProShares Short Ether ETF $SETH

Tucker Asset Management LLC purchased a new stake in ProShares Short Ether ETF (NYSEARCA:SETH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF comprises 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th largest holding. Tucker Asset Management LLC owned 0.11% of ProShares Short Ether ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SETH. Simplex Trading LLC grew its position in shares of ProShares Short Ether ETF by 535.1% during the 4th quarter. Simplex Trading LLC now owns 1,594 shares of the company’s stock worth $67,000 after buying an additional 1,343 shares during the period. Susquehanna International Group LLP acquired a new position in ProShares Short Ether ETF in the third quarter valued at approximately $96,000. Finally, Advisory Services Network LLC acquired a new position in ProShares Short Ether ETF in the second quarter valued at approximately $1,847,000.

ProShares Short Ether ETF Price Performance

Shares of SETH stock opened at $33.23 on Monday. The firm’s 50 day moving average price is $43.83 and its two-hundred day moving average price is $47.41. ProShares Short Ether ETF has a 52-week low of $29.20 and a 52-week high of $62.82.

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.