Brookstone Capital Management Invests $628,000 in ProShares Short Ether ETF $SETH

Brookstone Capital Management purchased a new stake in ProShares Short Ether ETF (NYSEARCA:SETH) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,964 shares of the company’s stock, valued at approximately $628,000. Brookstone Capital Management owned approximately 6.24% of ProShares Short Ether ETF as of its most recent SEC filing.

Separately, Advisory Services Network LLC bought a new stake in ProShares Short Ether ETF during the second quarter worth about $1,847,000.

ProShares Short Ether ETF Stock Performance

Shares of ProShares Short Ether ETF stock opened at $48.65 on Monday. ProShares Short Ether ETF has a 12-month low of $29.20 and a 12-month high of $121.64. The firm’s 50-day moving average price is $51.58 and its two-hundred day moving average price is $43.07.

ProShares Short Ether ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $2.1917 per share. This is a boost from ProShares Short Ether ETF’s previous monthly dividend of $0.60. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 54.1%.

ProShares Short Ether ETF Profile

The ProShares Short Ether Strategy ETF (SETH) is an exchange-traded fund that is based on the Bloomberg Galaxy Ethereum index. The fund tracks the inverse (-1x) daily price movements of its underlying index. The fund aims to profit from the price decline of Ether SETH was launched on Nov 2, 2023 and is issued by ProShares.