ProShares Short Ether ETF (NYSEARCA:SETH) Short Interest Update

ProShares Short Ether ETF (NYSEARCA:SETH) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,875 shares, an increase of 161.7% from the August 15th total of 6,066 shares. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 45,169 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Short Ether ETF Price Performance

Shares of NYSEARCA SETH traded down $0.01 on Monday, reaching $32.14. 32,520 shares of the company’s stock traded hands, compared to its average volume of 49,053. The business’s 50 day simple moving average is $41.64 and its two-hundred day simple moving average is $46.52. ProShares Short Ether ETF has a 12 month low of $29.20 and a 12 month high of $62.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short Ether ETF stock. Tucker Asset Management LLC purchased a new stake in shares of ProShares Short Ether ETF (NYSEARCA:SETH) in the 2nd quarter, according to its most recent 13F 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 makes up approximately 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th biggest position. Tucker Asset Management LLC owned about 11.48% of ProShares Short Ether ETF as of its most recent SEC filing.

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.