Short Interest in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Declines By 41.7%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,105 shares, a drop of 41.7% from the March 31st total of 1,894 shares. Based on an average daily volume of 1,530 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hoey Investments Inc. grew its holdings in 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. Osaic Holdings Inc. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth approximately $59,000. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth approximately $341,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 1.1%

ProShares Bitcoin & Ether Market Cap Weight ETF stock traded down $0.49 during midday trading on Monday, reaching $43.15. 1,211 shares of the company’s stock were exchanged, compared to its average volume of 5,001. 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 simple moving average is $40.03 and its 200 day simple moving average is $51.40.

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.