ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Sees Significant Increase in Short Interest

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 514 shares, a growth of 125.4% from the July 30th total of 228 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,574 shares, the short-interest ratio is currently 0.3 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

NYSEARCA BETH traded down $0.62 on Friday, hitting $43.17. The stock had a trading volume of 194 shares, compared to its average volume of 3,382. The company’s 50-day moving average is $36.05 and its two-hundred day moving average is $38.63. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $31.89 and a one year high of $87.02.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

A hedge fund recently bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,215 shares of the company’s stock, valued at approximately $341,000. Orion Porfolio Solutions LLC owned 2.11% of ProShares Bitcoin & Ether Market Cap Weight ETF at the end of the most recent reporting period.

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.