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 decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4 shares, a decrease of 98.9% from the May 14th total of 374 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,885 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BETE. Mariner LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth approximately $282,000. Jane Street Group LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter worth approximately $295,000. Finally, Flow Traders U.S. LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth approximately $328,000.

ProShares Bitcoin & Ether Equal Weight ETF Trading Down 1.8%

BETE traded down $0.51 during midday trading on Tuesday, reaching $28.25. 9,857 shares of the company’s stock traded hands, compared to its average volume of 5,425. The firm has a fifty day moving average of $35.29 and a two-hundred day moving average of $39.93. ProShares Bitcoin & Ether Equal Weight ETF has a 52 week low of $26.75 and a 52 week high of $94.32.

About ProShares Bitcoin & Ether Equal Weight ETF

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.