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

ProShares Short Ether ETF (NYSEARCA:SETH) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 15,875 shares, a growth of 161.7% from the August 15th total of 6,066 shares. Based on an average daily volume of 45,169 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short Ether ETF stock. Tucker Asset Management LLC purchased a new stake in shares of ProShares Short Ether ETF (NYSEARCA:SETH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF comprises 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th largest position. Tucker Asset Management LLC owned about 11.48% of ProShares Short Ether ETF at the end of the most recent reporting period.

ProShares Short Ether ETF Stock Up 4.1%

Shares of SETH traded up $1.33 during mid-day trading on Tuesday, reaching $33.47. 1,892 shares of the stock traded hands, compared to its average volume of 48,784. ProShares Short Ether ETF has a 1 year low of $29.20 and a 1 year high of $62.82. The firm has a fifty day moving average price of $41.30 and a 200 day moving average price of $46.32.

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.