Short Interest in ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Drops By 97.3%

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 74 shares, a decline of 97.3% from the July 15th total of 2,716 shares. Based on an average daily trading volume, of 3,098 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

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

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

ProShares Bitcoin & Ether Equal Weight ETF Trading Down 0.3%

Shares of ProShares Bitcoin & Ether Equal Weight ETF stock traded down $0.09 during trading hours on Tuesday, reaching $30.21. The stock had a trading volume of 2,347 shares, compared to its average volume of 4,603. The stock’s 50 day moving average is $29.49 and its 200 day moving average is $33.54. ProShares Bitcoin & Ether Equal Weight ETF has a twelve month low of $26.53 and a twelve month high of $94.32.

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.