ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, a decline of 99.8% from the August 15th total of 514 shares. Based on an average daily volume of 1,896 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 1.3%

BETH stock traded down $0.57 during midday trading on Thursday, hitting $42.95. 1,278 shares of the stock traded hands, compared to its average volume of 3,236. The stock’s fifty day simple moving average is $38.09 and its 200-day simple moving average is $38.99. ProShares Bitcoin & Ether Market Cap Weight ETF has a 1-year low of $31.89 and a 1-year high of $87.02.

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

An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC boosted its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 55.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,043 shares of the company’s stock after purchasing an additional 3,940 shares during the quarter. Orion Porfolio Solutions LLC owned approximately 3.45% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $564,000 at the end of the most recent reporting period.

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.