ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,129 shares, an increase of 112,800.0% from the May 31st total of 1 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 4,519 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF
Institutional investors have recently made changes to their positions in the business. Hoey Investments Inc. increased its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth about $59,000. Finally, Orion Porfolio Solutions LLC boosted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% in the third quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock worth $578,000 after acquiring an additional 2,888 shares in the last quarter.
ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance
NYSEARCA:BETH opened at $32.47 on Friday. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $32.36 and a 52 week high of $92.84. The firm has a 50 day moving average of $40.17 and a 200 day moving average of $43.56.
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.
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