ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Up 112,800.0% in June

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,129 shares, a growth of 112,800.0% from the May 31st total of 1 shares. Based on an average trading volume of 4,519 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Several hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at about $341,000. Osaic Holdings Inc. purchased a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth about $59,000. Finally, Hoey Investments Inc. lifted its stake 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 valued at $26,000 after acquiring an additional 200 shares during the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

BETH stock opened at $32.78 on Friday. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $32.36 and a one year high of $92.84. The company’s 50 day moving average price is $39.97 and its two-hundred day moving average price is $43.49.

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.