ProShares Short Ether ETF (NYSEARCA:SETH) Shares Shorted: Short Interest Down 65.0% in September

ProShares Short Ether ETF (NYSEARCA:SETH) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 5,564 shares, a decrease of 65.0% from the August 31st total of 15,875 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 25,105 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Short Ether ETF Trading Up 0.7%

ProShares Short Ether ETF stock traded up $0.22 during midday trading on Monday, reaching $30.33. The stock had a trading volume of 8,127 shares, compared to its average volume of 48,296. ProShares Short Ether ETF has a twelve month low of $29.19 and a twelve month high of $62.82. The firm’s fifty day simple moving average is $37.90 and its two-hundred day simple moving average is $44.80.

Institutional Trading of ProShares Short Ether ETF

A hedge fund recently bought a new stake 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF makes up approximately 0.6% of Tucker Asset Management LLC’s holdings, making the stock its 24th biggest holding. Tucker Asset Management LLC owned 11.48% of ProShares Short Ether ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About ProShares Short Ether ETF

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.