ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 76.7% in February

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 2,562 shares, a decrease of 76.7% from the January 29th total of 11,016 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 9,151 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 9,151 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $500,000. Hoey Investments Inc. lifted its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in 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 valued at $564,000 after acquiring an additional 3,940 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $59,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

NYSEARCA:BETH traded down $1.10 during mid-day trading on Thursday, hitting $38.27. The company’s stock had a trading volume of 3,891 shares, compared to its average volume of 6,260. 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 has a fifty day moving average of $47.73 and a 200-day moving average of $64.62.

ProShares Bitcoin & Ether Market Cap Weight ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were given a dividend of $0.0313 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

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.