ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 79.0% in July

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 228 shares, a decrease of 79.0% from the July 15th total of 1,087 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 911 shares, the short-interest ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth approximately $341,000. Osaic Holdings Inc. bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth $59,000. Finally, Hoey Investments Inc. lifted its stake in 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 purchasing an additional 200 shares during the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Up 0.1%

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock traded up $0.03 during trading hours on Thursday, reaching $35.07. 1,216 shares of the company’s stock were exchanged, compared to its average volume of 3,468. The company has a 50 day moving average of $34.93 and a two-hundred day moving average of $39.00. ProShares Bitcoin & Ether Market Cap Weight ETF has a fifty-two week low of $31.89 and a fifty-two week high of $89.69.

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.