ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Update

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 850 shares, a growth of 1,048.6% from the July 30th total of 74 shares. Based on an average daily volume of 1,366 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

ProShares Bitcoin & Ether Equal Weight ETF Trading Up 0.2%

Shares of BETE traded up $0.09 during midday trading on Thursday, reaching $38.69. 739 shares of the company were exchanged, compared to its average volume of 4,390. ProShares Bitcoin & Ether Equal Weight ETF has a 1-year low of $26.53 and a 1-year high of $89.30. The stock has a 50-day moving average price of $30.60 and a 200-day moving average price of $32.96.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BETE. Mariner LLC purchased a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at approximately $282,000. Jane Street Group LLC acquired a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the 2nd quarter valued at $295,000. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter worth $328,000.

About ProShares Bitcoin & Ether Equal Weight ETF

The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETE was launched on Oct 2, 2023 and is issued by ProShares.