UltraShort Ether ETF (NYSEARCA:ETHD) Short Interest Update

UltraShort Ether ETF (NYSEARCA:ETHD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 141,639 shares, a growth of 153.9% from the August 15th total of 55,783 shares. Currently, 14.5% of the company’s stock are sold short. Based on an average daily trading volume, of 772,544 shares, the short-interest ratio is presently 0.2 days.

UltraShort Ether ETF Stock Up 10.9%

Shares of NYSEARCA:ETHD traded up $3.09 during mid-day trading on Tuesday, reaching $31.55. 759,301 shares of the stock were exchanged, compared to its average volume of 592,971. The stock’s 50 day simple moving average is $50.06 and its 200-day simple moving average is $60.42. UltraShort Ether ETF has a one year low of $25.43 and a one year high of $106.80.

Institutional Trading of UltraShort Ether ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ETHD. IMC Chicago LLC bought a new stake in shares of UltraShort Ether ETF in the first quarter worth $1,675,000. MYDA Advisors LLC bought a new position in UltraShort Ether ETF in the fourth quarter valued at $1,188,000. Finally, Renaissance Technologies LLC acquired a new stake in UltraShort Ether ETF in the 1st quarter valued at $1,453,000.

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.