MYDA Advisors LLC Takes $1.19 Million Position in UltraShort Ether ETF $ETHD

MYDA Advisors LLC bought a new stake in shares of UltraShort Ether ETF (NYSEARCA:ETHD) in the 4th quarter, Holdings Channel reports. The firm bought 24,000 shares of the company’s stock, valued at approximately $1,188,000.

Several other large investors have also recently made changes to their positions in ETHD. Flow Traders U.S. LLC purchased a new position in shares of UltraShort Ether ETF during the third quarter valued at approximately $901,000. Jane Street Group LLC raised its holdings in UltraShort Ether ETF by 184.2% in the 2nd quarter. Jane Street Group LLC now owns 79,137 shares of the company’s stock worth $1,183,000 after acquiring an additional 51,295 shares during the last quarter. Group One Trading LLC purchased a new position in UltraShort Ether ETF in the 3rd quarter worth approximately $172,000. Susquehanna International Group LLP raised its holdings in UltraShort Ether ETF by 23.3% in the 3rd quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock worth $498,000 after acquiring an additional 25,540 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in UltraShort Ether ETF in the 2nd quarter worth approximately $156,000.

UltraShort Ether ETF Stock Performance

Shares of NYSEARCA ETHD opened at $87.72 on Monday. UltraShort Ether ETF has a twelve month low of $27.60 and a twelve month high of $196.10. The company has a 50 day moving average of $60.18 and a 200 day moving average of $60.34.

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.