ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 30.7% in December

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,740 shares, a decrease of 30.7% from the December 15th total of 6,844 shares. Based on an average trading volume of 7,728 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.6% of the shares of the stock are sold short. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 7,728 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Up 0.2%

Shares of BETH traded up $0.12 during trading hours on Friday, hitting $55.76. 3,535 shares of the stock were exchanged, compared to its average volume of 5,558. The stock’s 50-day moving average price is $55.89 and its two-hundred day moving average price is $73.03. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12-month low of $50.50 and a 12-month high of $95.86.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC lifted 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 worth $578,000 after purchasing an additional 2,888 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth about $59,000. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $500,000.

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.