ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1 shares, an increase of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,489 shares, the days-to-cover ratio is currently 0.0 days.
ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance
Shares of BETH stock traded up $1.83 during mid-day trading on Monday, hitting $36.70. 7,037 shares of the stock traded hands, compared to its average volume of 4,253. The stock’s fifty day moving average is $41.14 and its two-hundred day moving average is $44.95. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52-week low of $32.56 and a 52-week high of $92.84.
Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF
Hedge funds have recently modified their holdings of the company. Hoey Investments Inc. lifted its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at about $59,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at about $341,000.
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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