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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,725 shares, a drop of 80.5% from the February 26th total of 8,855 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 5,701 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 5,701 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 1.9%

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock traded down $0.78 during trading hours on Tuesday, reaching $39.29. 696 shares of the stock traded hands, compared to its average volume of 5,925. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $35.55 and a one year high of $92.84. The company has a 50 day moving average price of $43.14 and a 200 day moving average price of $58.69.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0541 per share. This represents a c) annualized dividend and a yield of 1.7%. This is a positive change from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. The ex-dividend date was Monday, March 2nd.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC lifted its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock valued at $564,000 after purchasing an additional 3,940 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth about $500,000. Osaic Holdings Inc. bought 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. raised its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period.

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.