ProShares Short Ether ETF (NYSEARCA:SETH) Short Interest Up 161.7% in August

by · The Markets Daily

ProShares Short Ether ETF (NYSEARCA:SETH – Get Free Report) was the target of a significant 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. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily volume of 45,169 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On ProShares Short Ether ETF

A number of large investors have recently modified their holdings of SETH. Tucker Asset Management LLC bought a new position in ProShares Short Ether ETF during the second quarter valued at approximately $2,286,000. Susquehanna International Group LLP bought a new position in shares of ProShares Short Ether ETF during the third quarter valued at about $96,000. Advisory Services Network LLC bought a new position in ProShares Short Ether ETF during the 2nd quarter worth approximately $1,847,000. Finally, Simplex Trading LLC grew its holdings in shares of ProShares Short Ether ETF by 535.1% in the fourth quarter. Simplex Trading LLC now owns 1,594 shares of the company’s stock worth $67,000 after purchasing an additional 1,343 shares during the last quarter.

ProShares Short Ether ETF Price Performance

Shares of NYSEARCA:SETH opened at $32.15 on Friday. The company’s fifty day moving average price is $41.64 and its 200-day moving average price is $46.62. ProShares Short Ether ETF has a one year low of $29.20 and a one year high of $62.82.

ProShares Short Ether ETF Company Profile

(Get Free Report)

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.

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