ProShares Short Ether ETFProShares Short Ether ETFProShares Short Ether ETF

ProShares Short Ether ETF

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Key stats


Assets under management (AUM)
‪4.37 M‬USD
Fund flows (1Y)
‪−2.06 M‬USD
Dividend yield (indicated)
6.47%
Discount/Premium to NAV
0.02%
Shares outstanding
‪290.00 K‬
Expense ratio
0.95%

About ProShares Short Ether ETF


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
Inception date
Nov 2, 2023
Structure
Open-Ended Fund
Index tracked
Bloomberg Ethereum Index - Benchmark Price Return
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SETH is the first ETF to provide inverse exposure to Ether. It aims to profit from the price decline of Ether for a single day. Ether pricing is sourced from the Bloomberg Ethereum Crypto Fixing Rate (CFIX). The index price is a composite of US dollar-Ether trading activity reported by digital asset trading platforms. To obtain inverse exposure to the index, the fund primarily invests in standardized, cash-settled Ether futures contracts. Returns of the fund can vary significantly from -1x exposure if held for longer than a day. As an inverse product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary. Before March 15, 2024, the fund tracked the S&P CME Ether Futures Index. Until Sept. 27, 2024, the fund tracked the Bloomberg Galaxy Ethereum Index.

Classification


Asset Class
Currency
Category
Pair
Niche
Derivative
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to SETH via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SETH trades at 15.93 USD today, its price has risen 0.64% in the past 24 hours. Track more dynamics on SETH price chart.
SETH net asset value is 15.93 today — it's fallen 31.31% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SETH assets under management is ‪4.37 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SETH price has fallen by −31.64% over the last month, and its yearly performance shows a −3.93% decrease. See more dynamics on SETH price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −31.31% over the last month, showed a −25.84% decrease in three-month performance and has increased by 1.74% in a year.
SETH fund flows account for ‪−2.06 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SETH invests in cash. See more details in our Analysis section.
SETH expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SETH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SETH technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SETH shows the sell signal. See more of SETH technicals for a more comprehensive analysis.
Yes, SETH pays dividends to its holders with the dividend yield of 6.47%.
SETH trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SETH shares are issued by ProShare Advisors LLC
SETH follows the Bloomberg Ethereum Index - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 2, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.