UltraShort Ether ETF (NYSEARCA:ETHD) Short Interest Down 25.8% in April

UltraShort Ether ETF (NYSEARCA:ETHD) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 87,503 shares, a decline of 25.8% from the March 31st total of 117,917 shares. Based on an average trading volume of 660,924 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.5% of the company’s stock are sold short.

Institutional Trading of UltraShort Ether ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in UltraShort Ether ETF by 23.5% in the first quarter. Jane Street Group LLC now owns 27,842 shares of the company’s stock valued at $1,510,000 after buying an additional 5,298 shares during the last quarter. StoneX Group Inc. bought a new position in shares of UltraShort Ether ETF during the second quarter valued at approximately $156,000. MYDA Advisors LLC bought a new position in shares of UltraShort Ether ETF during the fourth quarter valued at approximately $1,188,000. Susquehanna International Group LLP grew its holdings in shares of UltraShort Ether ETF by 23.3% during the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after purchasing an additional 25,540 shares during the last quarter. Finally, Group One Trading LLC bought a new position in shares of UltraShort Ether ETF during the third quarter valued at approximately $172,000.

UltraShort Ether ETF Stock Up 6.0%

Shares of NYSEARCA ETHD traded up $3.02 during midday trading on Wednesday, reaching $53.45. 530,037 shares of the company’s stock were exchanged, compared to its average volume of 812,630. UltraShort Ether ETF has a 52-week low of $27.60 and a 52-week high of $469.22. The business’s fifty day moving average price is $64.21 and its two-hundred day moving average price is $56.02.

About UltraShort Ether ETF

The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.