ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 679 shares, a drop of 39.9% from the June 15th total of 1,129 shares. Based on an average trading volume of 1,894 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BETH. Orion Porfolio Solutions LLC raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% in the 4th quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock valued at $564,000 after purchasing an additional 3,940 shares in the last quarter. 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. raised 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 valued at $26,000 after purchasing an additional 200 shares in the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

NYSEARCA:BETH remained flat at $36.10 during trading hours on Thursday. The company’s stock had a trading volume of 674 shares, compared to its average volume of 3,831. The stock has a fifty day simple moving average of $37.58 and a 200-day simple moving average of $41.59. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $31.89 and a one year high of $92.84.

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.