Short Interest in ProShares Short Ether ETF (NYSEARCA:SETH) Expands By 965.5%

ProShares Short Ether ETF (NYSEARCA:SETH) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 17,708 shares, an increase of 965.5% from the April 15th total of 1,662 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily volume of 38,180 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Short Ether ETF Stock Performance

Shares of SETH stock opened at $42.07 on Tuesday. ProShares Short Ether ETF has a twelve month low of $29.20 and a twelve month high of $70.70. The business has a fifty day simple moving average of $46.74 and a 200 day simple moving average of $44.81.

Institutional Trading of ProShares Short Ether ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of ProShares Short Ether ETF during the 2nd quarter worth $1,847,000. Brookstone Capital Management bought a new stake in shares of ProShares Short Ether ETF during the 4th quarter worth $628,000. Susquehanna International Group LLP bought a new stake in shares of ProShares Short Ether ETF during the 3rd quarter worth $96,000. Finally, 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 worth $67,000 after buying an additional 1,343 shares during the last quarter.

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.