ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Up 89.4% in April

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 303 shares, an increase of 89.4% from the April 15th total of 160 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,123 shares, the short-interest ratio is currently 0.1 days.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

Shares of NYSEARCA:BETE traded down $1.21 during midday trading on Friday, reaching $37.01. The company’s stock had a trading volume of 2,970 shares, compared to its average volume of 5,735. ProShares Bitcoin & Ether Equal Weight ETF has a 1 year low of $30.40 and a 1 year high of $94.32. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $43.76.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Mariner LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at about $282,000. Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at about $328,000. Finally, Jane Street Group LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the second quarter valued at about $295,000.

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.