ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 514 shares, a growth of 125.4% from the July 30th total of 228 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,574 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,215 shares of the company’s stock, valued at approximately $341,000. Orion Porfolio Solutions LLC owned approximately 2.11% of ProShares Bitcoin & Ether Market Cap Weight ETF at the end of the most recent quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 3.1%

NYSEARCA BETH traded down $1.38 on Friday, reaching $43.17. The company had a trading volume of 195 shares, compared to its average volume of 3,363. ProShares Bitcoin & Ether Market Cap Weight ETF has a 1 year low of $31.89 and a 1 year high of $87.02. The firm has a 50-day moving average of $36.22 and a 200-day moving average of $38.66.

About ProShares Bitcoin & Ether Market Cap Weight ETF

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.