ProShares Short Ether ETF (NYSEARCA:SETH) Shares Shorted: Short Interest Down 45.4% in October

ProShares Short Ether ETF (NYSEARCA:SETH) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 5,041 shares, a drop of 45.4% from the September 30th total of 9,235 shares. Based on an average daily volume of 29,804 shares, the short-interest ratio is presently 0.2 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Trading of ProShares Short Ether ETF

An institutional investor recently raised its stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC raised its stake in ProShares Short Ether ETF (NYSEARCA:SETH) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,289 shares of the company’s stock after buying an additional 3,259 shares during the period. Tucker Asset Management LLC owned about 18.39% of ProShares Short Ether ETF worth $1,286,000 as of its most recent SEC filing.

ProShares Short Ether ETF Stock Performance

Shares of NYSEARCA SETH traded up $1.56 during midday trading on Friday, reaching $36.04. 17,169 shares of the company were exchanged, compared to its average volume of 45,213. ProShares Short Ether ETF has a one year low of $29.19 and a one year high of $62.82. The stock’s 50-day moving average price is $32.49 and its 200-day moving average price is $44.36.

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.