Short Interest in UltraShort Ether ETF (NYSEARCA:ETHD) Declines By 38.6%

UltraShort Ether ETF (NYSEARCA:ETHD) was the target of a large decrease in short interest in 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. Approximately 5.7% of the shares of the company are short sold. Based on an average trading volume of 183,316 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On UltraShort Ether ETF

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its position in UltraShort Ether ETF by 23.5% during the 1st quarter. Jane Street Group LLC now owns 27,842 shares of the company’s stock valued at $1,510,000 after purchasing an additional 5,298 shares during the period. StoneX Group Inc. bought a new stake in UltraShort Ether ETF in the second quarter valued at $156,000. Renaissance Technologies LLC bought a new stake in UltraShort Ether ETF in the first quarter valued at $1,453,000. MYDA Advisors LLC acquired a new position in shares of UltraShort Ether ETF during the fourth quarter valued at $1,188,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of UltraShort Ether ETF by 23.3% during the third quarter. Susquehanna International Group LLP now owns 135,198 shares of the company’s stock valued at $498,000 after acquiring an additional 25,540 shares during the period.

UltraShort Ether ETF Stock Performance

Shares of ETHD opened at $32.45 on Monday. The business’s fifty day moving average price is $62.16 and its 200 day moving average price is $64.93. UltraShort Ether ETF has a 12-month low of $27.60 and a 12-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.