Short Interest in ProShares Ether ETF (NYSEARCA:EETH) Declines By 26.7%

ProShares Ether ETF (NYSEARCA:EETH) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 210,572 shares, a decrease of 26.7% from the December 31st total of 287,370 shares. Currently, 14.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 160,042 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 160,042 shares, the short-interest ratio is currently 1.3 days. Currently, 14.2% of the shares of the stock are sold short.

ProShares Ether ETF Price Performance

Shares of EETH traded down $1.77 during mid-day trading on Tuesday, reaching $27.13. The company’s stock had a trading volume of 303,486 shares, compared to its average volume of 174,382. The business has a fifty day moving average of $39.01 and a 200 day moving average of $55.86. ProShares Ether ETF has a 1 year low of $26.33 and a 1 year high of $84.43.

ProShares Ether ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 6th. Investors of record on Monday, February 2nd will be issued a $0.0252 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Institutional Trading of ProShares Ether ETF

Several large investors have recently made changes to their positions in EETH. Bank of America Corp DE bought a new stake in ProShares Ether ETF during the 3rd quarter valued at approximately $89,000. IMC Chicago LLC acquired a new position in ProShares Ether ETF in the third quarter worth about $1,147,000. Finally, Arkadios Wealth Advisors acquired a new position in ProShares Ether ETF in the third quarter worth 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.