ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 228 shares, a drop of 79.0% from the July 15th total of 1,087 shares. Based on an average trading volume of 911 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.7%
Shares of BETH traded down $0.24 during mid-day trading on Friday, reaching $34.83. The company’s stock had a trading volume of 994 shares, compared to its average volume of 3,452. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $31.89 and a 52 week high of $89.69. The company’s fifty day moving average price is $34.93 and its two-hundred day moving average price is $39.00.
Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF
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. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $59,000. Finally, Hoey Investments Inc. boosted its holdings in 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 valued at $26,000 after acquiring an additional 200 shares during the period.
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.
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