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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 679 shares, a drop of 39.9% from the June 15th total of 1,129 shares. Based on an average trading volume of 1,894 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% in the fourth quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock valued at $564,000 after acquiring an additional 3,940 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth $59,000. Finally, Hoey Investments Inc. grew its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

NYSEARCA:BETH remained flat at $36.10 during trading hours on Thursday. 674 shares of the company’s stock were exchanged, compared to its average volume of 3,831. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $31.89 and a 52 week high of $92.84. The stock has a fifty day moving average of $37.58 and a 200-day moving average of $41.59.

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.