ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1 shares, a decrease of 99.8% from the August 15th total of 514 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,896 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF
An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC lifted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Free Report) by 55.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,043 shares of the company’s stock after buying an additional 3,940 shares during the quarter. Orion Porfolio Solutions LLC owned about 3.45% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $564,000 as of its most recent filing with the Securities & Exchange Commission.
ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance
Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock opened at $43.26 on Friday. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $31.89 and a one year high of $87.02. The stock’s 50-day moving average is $38.28 and its 200 day moving average is $39.02.
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.
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