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ProShares Announces ETF Share Splits
Business Wire (Tue, 4-Nov 4:05 PM ET)
ProShares UltraShort Ether ETF (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Ethereum Index (the "Index"). Ether is a digital asset. The ownership and operation of ether is determined by participants in an online, peer-to-peer network sometimes referred to as the "Ethereum Network." The Index is designed to measure the performance of a single ether traded in USD and seeks to provide a proxy for the ether market. The Index price is a composite of U.S. dollar-ether trading activity reported by certain digital asset trading platforms that are evaluated based on a variety of different criteria, including the trading platforms' oversight and governance controls, liquidity, capital controls, data transparency and data integrity.
ProShares Ultrashort Ether ETF trades on the ARCA stock market under the symbol ETHD.
As of January 21, 2026, ETHD stock price declined to $45.31 with 1,440,205 million shares trading.
ETHD has a beta of -2.44, meaning it tends to be less sensitive to market movements. ETHD has a correlation of 0.09 to the broad based SPY ETF.
ETHD has a market cap of $73.53 million. This is considered a Micro Cap stock.
ETHD has underperformed the market in the last year with a return of -35.1%, while SPY returned +15.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ETHD shares. However, ETHD has outperformed the market in the last 3 month and 2 week periods, returning +20.8% and +10.1%, while SPY returned +2.4% and -0.9%, respectively. This indicates ETHD has been having a stronger performance recently.
ETHD support price is $43.14 and resistance is $49.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETHD shares will trade within this expected range on the day.
