Short Interest in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Increases By 210.8%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 14,732 shares, an increase of 210.8% from the December 31st total of 4,740 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 5,797 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 5,797 shares, the short-interest ratio is presently 2.5 days. Currently, 4.6% of the shares of the stock are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

BETH opened at $48.28 on Friday. The company’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $70.91. ProShares Bitcoin & Ether Market Cap Weight ETF has a 1-year low of $47.50 and a 1-year high of $95.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BETH. Flow Traders U.S. LLC acquired a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at about $500,000. Orion Porfolio Solutions LLC acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at about $341,000. Osaic Holdings Inc. purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $59,000. Finally, Hoey Investments Inc. lifted its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter.

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.