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

ProShares Short Ether ETF (NYSEARCA:SETH) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 15,875 shares, an increase of 161.7% from the August 15th total of 6,066 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average trading volume of 45,169 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Short Ether ETF Stock Down 3.1%

NYSEARCA:SETH opened at $32.15 on Friday. ProShares Short Ether ETF has a 12 month low of $29.20 and a 12 month high of $62.82. The company has a 50-day moving average price of $41.64 and a 200-day moving average price of $46.62.

Institutional Trading of ProShares Short Ether ETF

Several large investors have recently bought and sold shares of SETH. Simplex Trading LLC lifted its stake in shares of ProShares Short Ether ETF by 535.1% in the 4th quarter. Simplex Trading LLC now owns 1,594 shares of the company’s stock valued at $67,000 after purchasing an additional 1,343 shares during the period. Susquehanna International Group LLP bought a new stake in shares of ProShares Short Ether ETF during the third quarter valued at approximately $96,000. Tucker Asset Management LLC purchased a new stake in ProShares Short Ether ETF in the second quarter worth $2,286,000. Finally, Advisory Services Network LLC purchased a new stake in ProShares Short Ether ETF in the second quarter worth $1,847,000.

ProShares Short Ether ETF Company Profile

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.