ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Update

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 4 shares, a decrease of 98.9% from the May 14th total of 374 shares. Based on an average daily volume of 1,885 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

Shares of BETE traded down $0.51 during midday trading on Tuesday, reaching $28.25. The stock had a trading volume of 9,857 shares, compared to its average volume of 5,425. The company’s 50-day moving average is $35.29 and its 200 day moving average is $39.93. ProShares Bitcoin & Ether Equal Weight ETF has a 12-month low of $26.75 and a 12-month high of $94.32.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mariner LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at about $282,000. Flow Traders U.S. LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at about $328,000. Finally, Jane Street Group LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter valued at about $295,000.

About ProShares Bitcoin & Ether Equal Weight ETF

The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETE was launched on Oct 2, 2023 and is issued by ProShares.