UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 141,639 shares, a growth of 153.9% from the August 15th total of 55,783 shares. Based on an average trading volume of 772,544 shares, the days-to-cover ratio is presently 0.2 days. Currently, 14.5% of the shares of the company are sold short.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in UltraShort Ether ETF during the 3rd quarter valued at about $901,000. Susquehanna International Group LLP lifted its holdings in shares of UltraShort Ether ETF by 23.3% in the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock worth $498,000 after buying an additional 25,540 shares in the last quarter. Jane Street Group LLC boosted its position 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 valued at $1,183,000 after acquiring an additional 51,295 shares during the period. Group One Trading LLC bought a new position in shares of UltraShort Ether ETF in the third quarter valued at approximately $172,000. Finally, IMC Chicago LLC purchased a new position in UltraShort Ether ETF during the first quarter valued at approximately $1,675,000.
UltraShort Ether ETF Stock Performance
NYSEARCA:ETHD opened at $28.47 on Friday. UltraShort Ether ETF has a 1 year low of $25.43 and a 1 year high of $106.80. The stock’s fifty day moving average price is $50.88 and its two-hundred day moving average price is $61.15.
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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