Brown Brothers Harriman & Co. Takes Position in ProShares Short Ether Strategy ETF (NYSEARCA:SETH)

Brown Brothers Harriman & Co. bought a new position in ProShares Short Ether Strategy ETF (NYSEARCA:SETH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,420 shares of the company’s stock, valued at approximately $46,000.

ProShares Short Ether Strategy ETF Stock Down 6.5 %

Shares of ProShares Short Ether Strategy ETF stock opened at $23.18 on Friday. ProShares Short Ether Strategy ETF has a one year low of $16.27 and a one year high of $40.83. The business’s 50 day simple moving average is $21.82 and its two-hundred day simple moving average is $20.18.

ProShares Short Ether Strategy 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.