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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 14,732 shares, an increase of 210.8% from the December 31st total of 4,740 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily volume of 5,797 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 5,797 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.6% of the company’s stock are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 0.8%

BETH stock traded down $0.41 during midday trading on Friday, hitting $48.28. The company’s stock had a trading volume of 9,090 shares, compared to its average volume of 5,689. ProShares Bitcoin & Ether Market Cap Weight ETF has a twelve month low of $47.50 and a twelve month high of $95.01. The company’s fifty day moving average price is $54.04 and its 200 day moving average price is $71.19.

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

Hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock valued at $578,000 after purchasing an additional 2,888 shares during the period. Flow Traders U.S. LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at about $500,000. Osaic Holdings Inc. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at approximately $59,000. Finally, Hoey Investments Inc. increased its holdings in shares of 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 worth $26,000 after buying an additional 200 shares in 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.