UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 141,639 shares, an increase of 153.9% from the August 15th total of 55,783 shares. Currently, 14.5% of the company’s stock are sold short. Based on an average daily volume of 772,544 shares, the short-interest ratio is currently 0.2 days.
UltraShort Ether ETF Stock Down 0.0%
Shares of UltraShort Ether ETF stock traded down $0.01 during trading on Monday, reaching $28.46. The company’s stock had a trading volume of 837,074 shares, compared to its average volume of 593,811. UltraShort Ether ETF has a 1-year low of $25.43 and a 1-year high of $106.80. The company has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $60.90.
Institutional Investors Weigh In On UltraShort Ether ETF
Large investors have recently modified their holdings of the business. MYDA Advisors LLC purchased a new position in shares of UltraShort Ether ETF in the 4th quarter valued at approximately $1,188,000. Renaissance Technologies LLC purchased a new position in shares of UltraShort Ether ETF in the first quarter worth $1,453,000. Finally, IMC Chicago LLC acquired a new stake in shares of UltraShort Ether ETF during the first quarter worth $1,675,000.
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.
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