ProShares Short Ether ETF (NYSEARCA:SETH) Shares Shorted: Short Interest Down 65.0% in September
by Kim Johansen · The Markets DailyProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,564 shares, a decline of 65.0% from the August 31st total of 15,875 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 25,105 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On ProShares Short Ether ETF
An institutional investor recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC acquired a new stake in ProShares Short Ether ETF (NYSEARCA:SETH – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF makes up approximately 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th biggest position. Tucker Asset Management LLC owned 11.48% of ProShares Short Ether ETF as of its most recent SEC filing.
ProShares Short Ether ETF Stock Up 0.3%
NYSEARCA:SETH traded up $0.09 during midday trading on Friday, hitting $30.11. The stock had a trading volume of 52,771 shares, compared to its average volume of 48,499. The stock has a 50-day moving average of $38.22 and a 200 day moving average of $44.99. ProShares Short Ether ETF has a one year low of $29.19 and a one year high of $62.82.
About ProShares Short Ether ETF
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.