ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1 shares, an increase of ∞ from the May 14th total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,489 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Hoey Investments Inc. raised its position in shares of 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 valued at $26,000 after buying an additional 200 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at 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 valued at approximately $341,000.
ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.1%
Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock traded down $0.05 on Friday, hitting $34.87. 1,027 shares of the company traded hands, compared to its average volume of 4,229. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $32.56 and a 52 week high of $92.84. The business has a 50-day simple moving average of $41.14 and a 200 day simple moving average of $45.04.
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.
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