ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the target of a large increase in short interest in 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. Based on an average trading volume of 49,581 shares, the short-interest ratio is presently 0.4 days. Currently, 6.0% of the shares of the company are sold short.
ProShares Short Ether ETF Stock Performance
NYSEARCA SETH traded down $1.87 on Thursday, hitting $55.71. 55,098 shares of the company’s stock traded hands, compared to its average volume of 60,623. ProShares Short Ether ETF has a 1-year low of $29.20 and a 1-year high of $70.70. The firm’s 50-day moving average price is $46.32 and its two-hundred day moving average price is $46.46.
Institutional Trading of ProShares Short Ether ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of ProShares Short Ether ETF in the 2nd quarter valued at $1,847,000. Brookstone Capital Management acquired a new position in shares of ProShares Short Ether ETF in the 4th quarter valued at $628,000. Susquehanna International Group LLP acquired a new position in shares of ProShares Short Ether ETF in the 3rd quarter valued at $96,000. Finally, Simplex Trading LLC lifted its stake in shares of ProShares Short Ether ETF by 535.1% in the 4th quarter. Simplex Trading LLC now owns 1,594 shares of the company’s stock valued at $67,000 after purchasing an additional 1,343 shares during the period.
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.
Read More
- Five stocks we like better than ProShares Short Ether ETF
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for ProShares Short Ether ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short Ether ETF and related companies with MarketBeat.com's FREE daily email newsletter.
