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 significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 228 shares, a decline of 79.0% from the July 15th total of 1,087 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 911 shares, the days-to-cover ratio is currently 0.3 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hoey Investments Inc. lifted its stake in shares of 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 worth $26,000 after acquiring an additional 200 shares during the period. Osaic Holdings Inc. bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at approximately $59,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at approximately $341,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

ProShares Bitcoin & Ether Market Cap Weight ETF stock traded up $0.03 during trading hours on Thursday, hitting $35.07. The stock had a trading volume of 1,216 shares, compared to its average volume of 3,468. The business’s 50 day simple moving average is $34.93 and its 200-day simple moving average is $39.00. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $31.89 and a one year high of $89.69.

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.