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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 6,844 shares, a drop of 20.7% from the November 30th total of 8,634 shares. Based on an average daily volume of 7,472 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the shares of the company are short sold. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 7,472 shares, the days-to-cover ratio is presently 0.9 days.

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

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth approximately $59,000. Orion Porfolio Solutions LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth approximately $341,000. Finally, Flow Traders U.S. LLC bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

BETH opened at $50.82 on Tuesday. The stock’s 50 day moving average price is $61.16 and its 200 day moving average price is $75.50. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $50.50 and a 12 month high of $95.86.

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.