UltraShort Ether ETF (NYSEARCA:ETHD) Short Interest Update
by Sarita Garza · The Markets DailyUltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 50,053 shares, a decrease of 58.0% from the November 30th total of 119,062 shares. Based on an average trading volume of 1,605,703 shares, the short-interest ratio is presently 0.0 days. Currently, 2.8% of the company’s stock are sold short. Currently, 2.8% of the company’s stock are sold short. Based on an average trading volume of 1,605,703 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On UltraShort Ether ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETHD. StoneX Group Inc. purchased a new stake in UltraShort Ether ETF during the 2nd quarter worth approximately $156,000. Group One Trading LLC acquired a new stake in shares of UltraShort Ether ETF during the third quarter worth $172,000. Susquehanna International Group LLP grew its stake in UltraShort Ether ETF by 23.3% during the 3rd quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after purchasing an additional 25,540 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in UltraShort Ether ETF in the third quarter valued at approximately $901,000. Finally, Jane Street Group LLC increased its stake in shares of UltraShort Ether ETF by 184.2% in the second quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after acquiring an additional 51,295 shares during the period.
UltraShort Ether ETF Price Performance
NYSEARCA ETHD traded up $0.24 on Friday, hitting $50.90. The stock had a trading volume of 833,965 shares, compared to its average volume of 1,484,862. The business’s fifty day moving average price is $48.28 and its 200 day moving average price is $60.77. UltraShort Ether ETF has a 52-week low of $27.60 and a 52-week high of $743.13.
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.