UltraShort Ether ETF (NYSEARCA:ETHD) Sees Large Increase in Short Interest

by · The Cerbat Gem

UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 73,757 shares, an increase of 54.8% from the December 31st total of 47,645 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 916,784 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 916,784 shares, the short-interest ratio is currently 0.1 days. Approximately 4.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new stake in shares of UltraShort Ether ETF during the 3rd quarter worth about $1,352,000. Flow Traders U.S. LLC bought a new stake in UltraShort Ether ETF during the third quarter worth about $901,000. Jane Street Group LLC grew its stake in UltraShort Ether ETF by 184.2% during the second quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after buying an additional 51,295 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of UltraShort Ether ETF during the third quarter worth approximately $172,000. Finally, Susquehanna International Group LLP raised its stake in shares of UltraShort Ether ETF by 23.3% in the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after acquiring an additional 25,540 shares during the last quarter.

UltraShort Ether ETF Stock Performance

Shares of ETHD traded up $13.62 on Monday, reaching $70.12. 942,600 shares of the stock traded hands, compared to its average volume of 1,007,042. UltraShort Ether ETF has a 12 month low of $27.60 and a 12 month high of $743.13. The stock’s 50-day moving average price is $48.15 and its 200-day moving average price is $44.69.

UltraShort Ether ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.1467 per share. This is an increase from UltraShort Ether ETF’s previous monthly dividend of $0.01. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.5%.

UltraShort Ether ETF Company Profile

(Get Free Report)

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.

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