UltraShort Ether ETF (NYSEARCA:ETHD) Short Interest Down 38.6% in August

UltraShort Ether ETF (NYSEARCA:ETHD) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 55,783 shares, a decrease of 38.6% from the July 30th total of 90,872 shares. Based on an average daily volume of 183,316 shares, the short-interest ratio is currently 0.3 days. Approximately 5.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ETHD. Renaissance Technologies LLC bought a new position in shares of UltraShort Ether ETF in the first quarter worth $1,453,000. IMC Chicago LLC bought a new stake in shares of UltraShort Ether ETF during the first quarter valued at about $1,675,000. MYDA Advisors LLC acquired a new stake in UltraShort Ether ETF in the fourth quarter worth about $1,188,000. Susquehanna International Group LLP lifted its holdings in 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 purchasing an additional 25,540 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in UltraShort Ether ETF in the 3rd quarter valued at about $901,000.

UltraShort Ether ETF Price Performance

ETHD opened at $32.45 on Monday. The business’s 50 day moving average is $62.16 and its 200-day moving average is $64.93. UltraShort Ether ETF has a twelve month low of $27.60 and a twelve month high of $106.80.

UltraShort Ether ETF Company Profile

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.