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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,725 shares, a drop of 80.5% from the February 26th total of 8,855 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 5,701 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 5,701 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Several hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth $341,000. Osaic Holdings Inc. bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $59,000. Hoey Investments Inc. lifted its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 1.9%

NYSEARCA BETH traded down $0.78 during trading hours on Tuesday, reaching $39.29. The company’s stock had a trading volume of 696 shares, compared to its average volume of 5,925. The firm’s 50-day moving average price is $43.14 and its 200-day moving average price is $58.69. ProShares Bitcoin & Ether Market Cap Weight ETF has a 1 year low of $35.55 and a 1 year high of $92.84.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0541 per share. The ex-dividend date was Monday, March 2nd. This is an increase from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 1.7%.

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.