ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 79.0% in July

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 228 shares, a decline of 79.0% from the July 15th total of 1,087 shares. Based on an average trading volume of 911 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.7%

Shares of BETH opened at $34.83 on Friday. The business’s 50-day moving average is $34.97 and its 200-day moving average is $38.97. ProShares Bitcoin & Ether Market Cap Weight ETF has a fifty-two week low of $31.89 and a fifty-two week high of $89.69.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BETH. Hoey Investments Inc. grew its holdings in shares of 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 acquiring an additional 200 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at $59,000. Finally, Orion Porfolio Solutions LLC purchased a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at about $341,000.

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.