ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,608 shares, an increase of 65,100.0% from the May 31st total of 4 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 5,490 shares, the days-to-cover ratio is currently 0.5 days.
ProShares Bitcoin & Ether Equal Weight ETF Stock Performance
NYSEARCA BETE opened at $27.00 on Friday. ProShares Bitcoin & Ether Equal Weight ETF has a 12 month low of $26.61 and a 12 month high of $94.32. The company’s 50 day moving average is $33.69 and its two-hundred day moving average is $37.86.
Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF
A number of institutional investors and hedge funds have recently bought and sold shares of BETE. Flow Traders U.S. LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the third quarter valued at about $328,000. Jane Street Group LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the second quarter worth about $295,000. Finally, Mariner LLC purchased a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the third quarter worth about $282,000.
About ProShares Bitcoin & Ether Equal Weight ETF
The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether. BETE was launched on Oct 2, 2023 and is issued by ProShares.
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