UltraShort Ether ETF (NYSEARCA:ETHD – Get Free Report) traded down 5.5% on Wednesday . The stock traded as low as $47.50 and last traded at $47.95. 482,717 shares were traded during mid-day trading, a decline of 43% from the average session volume of 844,996 shares. The stock had previously closed at $50.74.
UltraShort Ether ETF Price Performance
The company’s 50-day moving average is $70.95 and its two-hundred day moving average is $54.85.
UltraShort Ether ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $1.514 dividend. This represents a c) annualized dividend and a yield of 37.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from UltraShort Ether ETF’s previous monthly dividend of $0.15.
Hedge Funds Weigh In On UltraShort Ether ETF
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.
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