Short Interest in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Drops By 20.7%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 6,844 shares, a decline of 20.7% from the November 30th total of 8,634 shares. Based on an average daily volume of 7,472 shares, the short-interest ratio is presently 0.9 days. Approximately 2.4% of the company’s stock are short sold. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 7,472 shares, the short-interest ratio is presently 0.9 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

NYSEARCA BETH opened at $50.82 on Tuesday. ProShares Bitcoin & Ether Market Cap Weight ETF has a fifty-two week low of $50.50 and a fifty-two week high of $95.86. The stock’s 50-day moving average is $61.16 and its two-hundred day moving average is $75.50.

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

Several large investors have recently bought and sold shares of BETH. Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth approximately $59,000. Orion Porfolio Solutions LLC acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth approximately $341,000. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth $500,000.

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.