ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Down 4% – Should You Sell?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) were down 4% during trading on Thursday . The stock traded as low as $63.03 and last traded at $63.28. Approximately 4,192 shares were traded during trading, an increase of 13% from the average daily volume of 3,706 shares. The stock had previously closed at $65.92.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 4.0%

The business’s fifty day moving average price is $77.41 and its 200 day moving average price is $81.02.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth $59,000. Orion Porfolio Solutions LLC acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at $341,000. Finally, Flow Traders U.S. LLC bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth $500,000.

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.