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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 679 shares, a decrease of 39.9% from the June 15th total of 1,129 shares. Based on an average daily trading volume, of 1,894 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hoey Investments Inc. increased its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Osaic Holdings Inc. purchased 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 purchased a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at about $341,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 1.9%

ProShares Bitcoin & Ether Market Cap Weight ETF stock traded down $0.68 on Friday, reaching $34.94. 2,760 shares of the stock were exchanged, compared to its average volume of 3,802. ProShares Bitcoin & Ether Market Cap Weight ETF has a twelve month low of $31.89 and a twelve month high of $92.84. The firm has a fifty day moving average price of $37.40 and a two-hundred day moving average price of $41.48.

ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile

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.