ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Update

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 850 shares, a growth of 1,048.6% from the July 30th total of 74 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,366 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Bitcoin & Ether Equal Weight ETF Stock Down 0.8%

Shares of BETE traded down $0.30 during mid-day trading on Wednesday, hitting $38.35. 176 shares of the stock were exchanged, compared to its average volume of 4,410. ProShares Bitcoin & Ether Equal Weight ETF has a 52-week low of $26.53 and a 52-week high of $89.40. The firm has a 50-day moving average of $30.42 and a two-hundred day moving average of $32.90.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter worth about $295,000. Flow Traders U.S. LLC bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter worth approximately $328,000. Finally, Mariner LLC bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter worth approximately $282,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETE was launched on Oct 2, 2023 and is issued by ProShares.