ProShares Short Ether ETF (NYSEARCA:SETH) Shares Shorted: Short Interest Down 45.4% in October

ProShares Short Ether ETF (NYSEARCA:SETH) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,041 shares, a drop of 45.4% from the September 30th total of 9,235 shares. Based on an average daily volume of 29,804 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Short Ether ETF

An institutional investor recently bought a new stake in ProShares Short Ether ETF stock. Tucker Asset Management LLC bought a new position in ProShares Short Ether ETF (NYSEARCA:SETH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 39,030 shares of the company’s stock, valued at approximately $2,286,000. ProShares Short Ether ETF comprises 0.6% of Tucker Asset Management LLC’s portfolio, making the stock its 24th largest holding. Tucker Asset Management LLC owned about 11.48% of ProShares Short Ether ETF at the end of the most recent quarter.

ProShares Short Ether ETF Stock Performance

SETH stock traded up $1.56 during midday trading on Friday, reaching $36.04. 17,169 shares of the company’s stock traded hands, compared to its average volume of 45,213. The firm’s fifty day moving average price is $32.49 and its 200-day moving average price is $44.36. ProShares Short Ether ETF has a 52 week low of $29.19 and a 52 week high of $62.82.

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.