ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading 4.2% Higher – Still a Buy?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH)’s share price traded up 4.2% during mid-day trading on Wednesday . The stock traded as high as $68.64 and last traded at $68.64. 1,458 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 2,704 shares. The stock had previously closed at $65.90.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 0.3 %

The firm has a fifty day moving average of $80.36 and a 200-day moving average of $77.06.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

A hedge fund recently raised its stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC increased its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,406 shares of the company’s stock after purchasing an additional 460 shares during the period. Jane Street Group LLC owned approximately 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 at the end of the most recent quarter.

About ProShares Bitcoin & Ether Market Cap Weight ETF

The ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages a market cap-weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether.