ProShares Ether ETF (NYSEARCA:EETH) Short Interest Up 33.5% in December

ProShares Ether ETF (NYSEARCA:EETH) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 287,370 shares, an increase of 33.5% from the December 15th total of 215,219 shares. Currently, 11.1% of the company’s shares are sold short. Based on an average daily volume of 190,835 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 190,835 shares, the days-to-cover ratio is presently 1.5 days. Currently, 11.1% of the company’s shares are sold short.

ProShares Ether ETF Stock Up 0.1%

Shares of NYSEARCA:EETH traded up $0.03 on Friday, reaching $41.11. 68,769 shares of the company traded hands, compared to its average volume of 151,696. ProShares Ether ETF has a 52 week low of $27.13 and a 52 week high of $84.43. The business’s 50-day simple moving average is $40.92 and its 200 day simple moving average is $56.99.

Institutional Investors Weigh In On ProShares Ether ETF

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of ProShares Ether ETF in the 3rd quarter worth approximately $89,000. IMC Chicago LLC purchased a new stake in ProShares Ether ETF in the third quarter worth approximately $1,147,000. Finally, Arkadios Wealth Advisors bought a new position in ProShares Ether ETF in the third quarter valued at about $1,972,000.

About ProShares Ether ETF

The ProShares Ether Strategy ETF (EETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, seeking exposure to the price movements of ether (ETH). The fund’s primary investment is USD cash-settled, front-month ether futures contracts EETH was launched on Oct 2, 2023 and is issued by ProShares.