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) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 4,740 shares, a drop of 30.7% from the December 15th total of 6,844 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 7,728 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 7,728 shares, the short-interest ratio is currently 0.6 days. Currently, 1.6% of the shares of the stock are short sold.

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

NYSEARCA BETH traded up $0.12 during trading hours on Friday, hitting $55.76. 3,535 shares of the company’s stock traded hands, compared to its average volume of 5,558. The firm’s 50-day moving average is $55.89 and its 200-day moving average is $73.00. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52-week low of $50.50 and a 52-week high of $95.86.

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

Institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its stake in shares of 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 valued at $578,000 after buying an additional 2,888 shares during the period. Osaic Holdings Inc. purchased a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth approximately $59,000. Finally, Flow Traders U.S. LLC purchased a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth approximately $500,000.

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.