UltraShort Ether ETF (NYSEARCA:ETHD) Shares Shorted: Short Interest Down 45.1% in October

UltraShort Ether ETF (NYSEARCA:ETHD) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 64,594 shares, a decrease of 45.1% from the September 30th total of 117,655 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily volume of 773,696 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On UltraShort Ether ETF

An institutional investor recently bought a new stake in UltraShort Ether ETF stock. IMC Chicago LLC acquired a new stake in shares of UltraShort Ether ETF (NYSEARCA:ETHD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,633 shares of the company’s stock, valued at approximately $1,675,000. IMC Chicago LLC owned 1.65% of UltraShort Ether ETF at the end of the most recent quarter.

UltraShort Ether ETF Stock Performance

ETHD stock traded up $2.86 on Friday, reaching $34.36. The company’s stock had a trading volume of 1,258,630 shares, compared to its average volume of 630,384. The business has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $55.93. UltraShort Ether ETF has a 12-month low of $22.88 and a 12-month high of $106.80.

About UltraShort Ether ETF

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.