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 significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,129 shares, a growth of 112,800.0% from the May 31st total of 1 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 4,519 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at 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. grew its holdings 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 buying an additional 200 shares in the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 1.0%

Shares of BETH traded down $0.32 on Thursday, reaching $32.47. The company’s stock had a trading volume of 2,473 shares, compared to its average volume of 4,126. ProShares Bitcoin & Ether Market Cap Weight ETF has a twelve month low of $32.36 and a twelve month high of $92.84. The firm has a fifty day moving average of $40.36 and a 200-day moving average of $43.72.

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.