ProShares Ether ETF (NYSEARCA:EETH) Short Interest Up 67.9% in January

ProShares Ether ETF (NYSEARCA:EETH) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 353,520 shares, an increase of 67.9% from the January 15th total of 210,572 shares. Currently, 12.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 141,758 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 141,758 shares, the short-interest ratio is currently 2.5 days. Currently, 12.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors bought a new position in shares of ProShares Ether ETF in the 3rd quarter worth $1,972,000. IMC Chicago LLC bought a new position in ProShares Ether ETF during the third quarter worth about $1,147,000. DRW Securities LLC acquired a new position in shares of ProShares Ether ETF during the 4th quarter worth about $491,000. Group One Trading LLC bought a new stake in shares of ProShares Ether ETF in the 4th quarter valued at about $258,000. Finally, Bank of America Corp DE bought a new stake in shares of ProShares Ether ETF in the 3rd quarter valued at about $89,000.

ProShares Ether ETF Price Performance

Shares of EETH opened at $25.43 on Friday. ProShares Ether ETF has a one year low of $22.73 and a one year high of $84.43. The business’s 50 day simple moving average is $36.16 and its 200-day simple moving average is $53.42.

ProShares Ether ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0252 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, February 2nd.

About ProShares Ether ETF

The ProShares Ether Strategy ETF (EETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, seeking exposure to the price movements of ether (ETH). The fund’s primary investment is USD cash-settled, front-month ether futures contracts EETH was launched on Oct 2, 2023 and is issued by ProShares.