ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Short Interest Declines 47.8%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 472 shares, a decrease of 47.8% from the September 30th total of 904 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 856 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

NYSEARCA BETH traded down $2.17 during trading hours on Friday, hitting $41.76. 253 shares of the company’s stock were exchanged, compared to its average volume of 2,842. The business’s 50 day moving average is $44.77 and its 200-day moving average is $41.03. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12-month low of $31.89 and a 12-month high of $75.51.

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.