ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,663 shares, a drop of 85.0% from the April 30th total of 17,708 shares. Based on an average daily volume of 28,891 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are short sold.
ProShares Short Ether ETF Trading Up 3.1%
NYSEARCA SETH traded up $1.47 during trading on Thursday, reaching $49.25. The company’s stock had a trading volume of 89,687 shares, compared to its average volume of 59,310. The business’s fifty day moving average price is $45.42 and its 200-day moving average price is $45.61. ProShares Short Ether ETF has a twelve month low of $29.20 and a twelve month high of $70.70.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SETH. Simplex Trading LLC increased its position in 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 purchasing an additional 1,343 shares during the period. Susquehanna International Group LLP purchased a new position in ProShares Short Ether ETF in the 3rd quarter valued at approximately $96,000. Brookstone Capital Management acquired a new position in shares of ProShares Short Ether ETF during the 4th quarter worth $628,000. Finally, Advisory Services Network LLC acquired a new position in ProShares Short Ether ETF during the second quarter worth about $1,847,000.
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.
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