UltraShort Ether ETF (NYSEARCA:ETHD) Short Interest Update

UltraShort Ether ETF (NYSEARCA:ETHD) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 50,053 shares, a drop of 58.0% from the November 30th total of 119,062 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 1,605,703 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,605,703 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.8% of the company’s stock are short sold.

UltraShort Ether ETF Trading Up 0.5%

NYSEARCA:ETHD traded up $0.24 during mid-day trading on Friday, hitting $50.90. 833,965 shares of the company’s stock traded hands, compared to its average volume of 1,484,862. The company has a fifty day moving average of $48.28 and a 200 day moving average of $61.22. UltraShort Ether ETF has a twelve month low of $27.60 and a twelve month high of $743.13.

Hedge Funds Weigh In On UltraShort Ether ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in UltraShort Ether ETF by 23.5% during the 1st quarter. Jane Street Group LLC now owns 27,842 shares of the company’s stock worth $1,510,000 after purchasing an additional 5,298 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of UltraShort Ether ETF during the second quarter valued at $156,000. Susquehanna International Group LLP increased its position in shares of UltraShort Ether ETF by 23.3% in the 3rd quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after acquiring an additional 25,540 shares during the period. Group One Trading LLC purchased a new position in UltraShort Ether ETF in the 3rd quarter worth $172,000. Finally, Flow Traders U.S. LLC purchased a new position in UltraShort Ether ETF in the 3rd quarter worth $901,000.

About UltraShort Ether ETF

The ProShares UltraShort Ether ETF (ETHD) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks -2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide inverse exposure without directly investing in Ether ETHD was launched on Jun 7, 2024 and is issued by ProShares.