ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 0.8% – Should You Sell?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH)’s share price were down 0.8% on Thursday . The company traded as low as $35.64 and last traded at $35.65. 2,433 shares changed hands during trading, a decline of 32% from the average session volume of 3,559 shares. The stock had previously closed at $35.93.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 0.8%

The firm’s 50 day moving average is $35.18 and its 200-day moving average is $39.61.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hoey Investments Inc. boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at about $59,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $341,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile

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.