ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Up 65,100.0% in June

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 2,608 shares, an increase of 65,100.0% from the May 31st total of 4 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,490 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Bitcoin & Ether Equal Weight ETF Stock Down 1.1%

Shares of BETE opened at $26.72 on Friday. ProShares Bitcoin & Ether Equal Weight ETF has a 52-week low of $26.61 and a 52-week high of $94.32. The stock has a fifty day simple moving average of $33.90 and a two-hundred day simple moving average of $37.94.

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

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

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

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.