ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 76.7% in February

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 2,562 shares, a decrease of 76.7% from the January 29th total of 11,016 shares. Based on an average daily volume of 9,151 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 9,151 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BETH. Flow Traders U.S. LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth $500,000. Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth $341,000. Osaic Holdings Inc. bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth $59,000. Finally, Hoey Investments Inc. grew its stake 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 worth $26,000 after purchasing an additional 200 shares during the period.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 3.1%

BETH stock traded down $1.19 during trading on Friday, hitting $37.13. 6,854 shares of the stock traded hands, compared to its average volume of 6,276. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $35.55 and a one year high of $92.84. The company has a 50 day simple moving average of $47.11 and a 200 day simple moving average of $64.08.

ProShares Bitcoin & Ether Market Cap Weight ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0313 per share. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, February 2nd.

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.