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

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

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC purchased a new position in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth approximately $328,000. Jane Street Group LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the 2nd quarter valued at approximately $295,000. Finally, Mariner LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter valued at approximately $282,000.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

NYSEARCA:BETE traded down $0.31 on Thursday, reaching $26.72. 774 shares of the company’s stock traded hands, compared to its average volume of 5,213. The stock has a 50-day simple moving average of $34.10 and a 200-day simple moving average of $38.11. ProShares Bitcoin & Ether Equal Weight ETF has a 12 month low of $26.61 and a 12 month high of $94.32.

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.