ProShares Short Ether ETF (NYSEARCA:SETH) Short Interest Update

ProShares Short Ether ETF (NYSEARCA:SETH) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,448 shares, an increase of 705.4% from the May 14th total of 2,663 shares. Based on an average trading volume of 49,581 shares, the short-interest ratio is presently 0.4 days. Currently, 6.0% of the shares of the company are short sold.

ProShares Short Ether ETF Stock Down 3.2%

Shares of ProShares Short Ether ETF stock opened at $55.71 on Friday. The company has a fifty day moving average of $46.45 and a 200 day moving average of $46.52. ProShares Short Ether ETF has a fifty-two week low of $29.20 and a fifty-two week high of $70.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SETH. Simplex Trading LLC boosted its holdings in shares of ProShares Short Ether ETF by 535.1% during 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 last quarter. Susquehanna International Group LLP bought a new position in shares of ProShares Short Ether ETF during the 3rd quarter valued at about $96,000. Brookstone Capital Management bought a new position in shares of ProShares Short Ether ETF during the 4th quarter valued at about $628,000. Finally, Advisory Services Network LLC bought a new position in shares of ProShares Short Ether ETF in the 2nd quarter valued at about $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.