Short Interest in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Grows By 245.6%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 8,855 shares, an increase of 245.6% from the February 12th total of 2,562 shares. Based on an average daily volume of 4,462 shares, the short-interest ratio is presently 2.0 days. Approximately 2.8% of the company’s shares are sold short. Approximately 2.8% of the company’s shares are sold short. Based on an average daily volume of 4,462 shares, the short-interest ratio is presently 2.0 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in BETH. Orion Porfolio Solutions LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $341,000. Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at approximately $59,000. Hoey Investments Inc. raised its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.3%

NYSEARCA BETH traded down $0.11 on Thursday, reaching $39.79. The company had a trading volume of 3,363 shares, compared to its average volume of 6,199. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $35.55 and a 52 week high of $92.84. The stock’s 50 day moving average is $44.92 and its 200-day moving average is $61.06.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.0541 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a yield of 1.6%.

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.