ProShares Short Ether ETF (NYSEARCA:SETH) Stock Short Interest Jumps 66.0%

ProShares Short Ether ETF (NYSEARCA:SETH) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,235 shares, a growth of 66.0% from the September 15th total of 5,564 shares. Based on an average daily volume of 30,922 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.1% of the company’s stock are short sold.

Institutional Trading of ProShares Short Ether ETF

An institutional investor recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC purchased a new stake in ProShares Short Ether ETF (NYSEARCA:SETH) in the second quarter, according to its most recent 13F 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 makes up approximately 0.6% of Tucker Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Tucker Asset Management LLC owned approximately 11.48% of ProShares Short Ether ETF at the end of the most recent reporting period.

ProShares Short Ether ETF Stock Down 1.0%

ProShares Short Ether ETF stock opened at $32.96 on Friday. The company has a fifty day simple moving average of $34.26 and a 200 day simple moving average of $43.23. ProShares Short Ether ETF has a 1-year low of $29.19 and a 1-year high of $62.82.

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.