ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading Down 0.8% – Should You Sell?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH)’s stock price were down 0.8% during trading on Thursday . The stock traded as low as $35.64 and last traded at $35.65. Approximately 2,433 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 3,559 shares. The stock had previously closed at $35.93.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Up 0.8%

The company has a fifty day moving average price of $35.08 and a 200 day moving average price of $39.59.

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

A number of hedge funds have recently added to or reduced their stakes in BETH. Orion Porfolio Solutions LLC boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% in the 4th quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock worth $564,000 after buying an additional 3,940 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at $59,000. Finally, Hoey Investments Inc. increased its position in 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 valued at $26,000 after acquiring an additional 200 shares during 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.