ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 472 shares, a drop of 47.8% from the September 30th total of 904 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 856 shares, the days-to-cover ratio is presently 0.6 days.
ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance
Shares of NYSEARCA BETH traded down $0.07 on Monday, reaching $41.69. 4,177 shares of the company’s stock traded hands, compared to its average volume of 2,848. The business’s 50 day simple moving average is $44.74 and its two-hundred day simple moving average is $40.96. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $31.89 and a 12 month high of $70.37.
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.
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