ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 21,448 shares, an increase of 705.4% from the May 14th total of 2,663 shares. Approximately 6.0% of the company’s stock are sold short. Based on an average daily volume of 49,581 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SETH. Simplex Trading LLC lifted 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 valued at $67,000 after acquiring 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 $96,000. Brookstone Capital Management purchased a new position in ProShares Short Ether ETF during the fourth quarter worth approximately $628,000. Finally, Advisory Services Network LLC acquired a new position in shares of ProShares Short Ether ETF in the 2nd quarter valued at $1,847,000.
ProShares Short Ether ETF Price Performance
Shares of ProShares Short Ether ETF stock traded up $0.11 during trading on Wednesday, hitting $56.73. 18,325 shares of the stock were exchanged, compared to its average volume of 60,515. The firm’s 50-day moving average price is $46.19 and its 200 day moving average price is $46.38. ProShares Short Ether ETF has a 12-month low of $29.20 and a 12-month high of $70.70.
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.
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