ProShares Short Ether ETF (NYSEARCA:SETH) Shares Scheduled to Reverse Split on Thursday, November 20th

ProShares Short Ether ETF (NYSEARCA:SETH) shares are going to reverse split on Thursday, November 20th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

ProShares Short Ether ETF Price Performance

NYSEARCA SETH opened at $9.51 on Friday. ProShares Short Ether ETF has a fifty-two week low of $7.30 and a fifty-two week high of $30.41. The business has a fifty day moving average of $8.44 and a 200-day moving average of $12.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short Ether ETF stock. Advisory Services Network LLC purchased a new position in shares of ProShares Short Ether ETF (NYSEARCA:SETH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 119,951 shares of the company’s stock, valued at approximately $1,847,000. Advisory Services Network LLC owned approximately 26.66% of ProShares Short Ether ETF at the end of the most recent reporting period.

ProShares Short Ether ETF Company Profile

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.