ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 25.2% in January

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 11,016 shares, a decline of 25.2% from the January 15th total of 14,732 shares. Based on an average daily trading volume, of 5,677 shares, the short-interest ratio is presently 1.9 days. Approximately 3.4% of the company’s stock are short sold. Approximately 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 5,677 shares, the short-interest ratio is presently 1.9 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

Shares of BETH stock traded up $2.04 during trading hours on Monday, reaching $39.02. 5,724 shares of the company’s stock were exchanged, compared to its average volume of 6,831. 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. The stock’s 50 day moving average is $50.53 and its 200-day moving average is $67.12.

ProShares Bitcoin & Ether Market Cap Weight ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a $0.0313 dividend. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC acquired a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at approximately $500,000. Orion Porfolio Solutions LLC purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at $341,000. Osaic Holdings Inc. acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $59,000. Finally, Hoey Investments Inc. raised its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter.

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.