ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Up ? in May

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant increase in short interest in 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 volume of 1,489 shares, the days-to-cover ratio is currently 0.0 days.

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

A number of hedge funds have recently modified their holdings of BETH. Hoey Investments Inc. boosted its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. 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 Stock Performance

Shares of BETH traded down $0.05 during mid-day trading on Friday, reaching $34.87. The stock had a trading volume of 1,027 shares, compared to its average volume of 4,229. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $32.56 and a 12 month high of $92.84. The business has a fifty day moving average of $41.14 and a 200 day 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.