ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 514 shares, an increase of 125.4% from the July 30th total of 228 shares. Based on an average daily volume of 1,574 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.
ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance
Shares of BETH traded down $1.38 during mid-day trading on Friday, hitting $43.17. The company’s stock had a trading volume of 195 shares, compared to its average volume of 3,363. The company’s 50-day moving average is $36.22 and its 200-day moving average is $38.66. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52-week low of $31.89 and a 52-week high of $87.02.
Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF
A hedge fund recently bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,215 shares of the company’s stock, valued at approximately $341,000. Orion Porfolio Solutions LLC owned approximately 2.11% of ProShares Bitcoin & Ether Market Cap Weight ETF at the end of the most recent quarter.
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.
See Also
- Five stocks we like better than ProShares Bitcoin & Ether Market Cap Weight ETF
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for ProShares Bitcoin & Ether Market Cap Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin & Ether Market Cap Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
