ProShares Ether ETF (NYSEARCA:EETH) Sees Significant Decrease in Short Interest

ProShares Ether ETF (NYSEARCA:EETH) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 210,572 shares, a decline of 26.7% from the December 31st total of 287,370 shares. Based on an average daily trading volume, of 160,042 shares, the short-interest ratio is presently 1.3 days. Approximately 14.2% of the company’s stock are sold short. Approximately 14.2% of the company’s stock are sold short. Based on an average daily trading volume, of 160,042 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On ProShares Ether ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of ProShares Ether ETF in the 3rd quarter valued at approximately $89,000. IMC Chicago LLC bought a new stake in ProShares Ether ETF during the third quarter worth $1,147,000. Finally, Arkadios Wealth Advisors acquired a new stake in ProShares Ether ETF in the third quarter valued at $1,972,000.

ProShares Ether ETF Price Performance

Shares of NYSEARCA EETH traded down $4.34 during mid-day trading on Monday, hitting $28.90. The company had a trading volume of 533,756 shares, compared to its average volume of 169,080. The firm has a 50-day simple moving average of $39.01 and a two-hundred day simple moving average of $55.86. ProShares Ether ETF has a one year low of $27.13 and a one year high of $84.43.

ProShares Ether ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 6th. Shareholders of record on Monday, February 2nd will be paid a $0.0252 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, February 2nd.

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.