ProShares Short Ether ETF (NYSEARCA:SETH) Sees Large Decline in Short Interest

ProShares Short Ether ETF (NYSEARCA:SETH) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,564 shares, a drop of 65.0% from the August 31st total of 15,875 shares. Based on an average daily volume of 25,105 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s stock are sold short.

ProShares Short Ether ETF Stock Performance

ProShares Short Ether ETF stock traded up $0.09 during trading hours on Friday, reaching $30.11. The stock had a trading volume of 52,771 shares, compared to its average volume of 48,499. The business’s 50 day moving average price is $38.22 and its 200-day moving average price is $44.99. ProShares Short Ether ETF has a 52 week low of $29.19 and a 52 week high of $62.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC bought a new stake in ProShares Short Ether ETF (NYSEARCA:SETH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF makes up about 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th largest holding. Tucker Asset Management LLC owned approximately 11.48% of ProShares Short Ether ETF as of its most recent filing with the Securities & Exchange Commission.

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.