ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Sees Significant Growth in Short Interest

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 8,855 shares, a growth of 245.6% from the February 12th total of 2,562 shares. Based on an average daily trading volume, of 4,462 shares, the short-interest ratio is currently 2.0 days. Approximately 2.8% of the company’s stock are short sold. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 4,462 shares, the short-interest ratio is currently 2.0 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

NYSEARCA BETH traded up $0.98 during trading hours on Friday, hitting $40.77. The company had a trading volume of 3,637 shares, compared to its average volume of 6,146. The business has a fifty day simple moving average of $44.92 and a 200-day simple moving average of $61.06. ProShares Bitcoin & Ether Market Cap Weight ETF has a fifty-two week low of $35.55 and a fifty-two week high of $92.84.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0541 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of BETH. Orion Porfolio Solutions LLC grew its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% in the fourth quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock valued at $564,000 after acquiring an additional 3,940 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $500,000. Osaic Holdings Inc. bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth about $59,000. Finally, Hoey Investments Inc. increased its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth 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.

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.