ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Update

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 74 shares, a drop of 97.3% from the July 15th total of 2,716 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,098 shares, the short-interest ratio is presently 0.0 days.

ProShares Bitcoin & Ether Equal Weight ETF Stock Performance

Shares of NYSEARCA BETE traded down $0.09 during trading on Tuesday, reaching $30.21. 2,347 shares of the company traded hands, compared to its average volume of 4,603. The firm’s fifty day simple moving average is $29.49 and its 200 day simple moving average is $33.54. ProShares Bitcoin & Ether Equal Weight ETF has a 12-month low of $26.53 and a 12-month high of $94.32.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BETE. Jane Street Group LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter worth approximately $295,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter worth approximately $328,000. Finally, Mariner LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter valued at approximately $282,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

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.