ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 8,855 shares, an increase of 245.6% from the February 12th total of 2,562 shares. Based on an average trading volume of 4,462 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 4,462 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at about $500,000. Orion Porfolio Solutions LLC purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at approximately $341,000. Osaic Holdings Inc. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $59,000. Finally, Hoey Investments Inc. boosted its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

NYSEARCA BETH traded up $0.58 on Wednesday, reaching $40.05. The company had a trading volume of 2,161 shares, compared to its average volume of 6,259. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $35.55 and a 12 month high of $92.84. The firm’s 50 day moving average price is $45.37 and its 200 day moving average price is $61.36.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.0541 dividend. This is an increase from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 2nd.

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. BETH was launched on Oct 2, 2023 and is issued by ProShares.