ProShares Lists $0.028755 November Distribution for Short Ether ETF

ProShares lists a November distribution of $0.028755 per share for its Short Ether ETF (SETH), with payment scheduled for Friday, Nov. 6, following the fund’s Nov. 2 ex-dividend and record dates.

The amount rounds to $0.0288 per share at four decimal places. The November amount is lower than SETH’s October distribution of $0.040763, which was payable Oct. 7.

The record date identifies shareholders eligible to receive a distribution. Nov. 2 was listed as both the record date and the ex-dividend date for the November payment.

SETH seeks daily investment results corresponding to the inverse (-1x) performance of the Bloomberg Ethereum Index before fees and expenses. That objective applies to a single day, and the fund does not directly short Ether (ETH).

ProShares also scheduled a Nov. 6 payment for its Bitcoin & Ether Equal Weight ETF, which has a November distribution of $0.032323 per share.