ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 4 shares, a drop of 98.9% from the May 14th total of 374 shares. Based on an average daily volume of 1,885 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
ProShares Bitcoin & Ether Equal Weight ETF Trading Down 2.7%
Shares of BETE stock opened at $27.98 on Wednesday. ProShares Bitcoin & Ether Equal Weight ETF has a 1 year low of $26.75 and a 1 year high of $94.32. The stock has a 50 day simple moving average of $35.29 and a 200 day simple moving average of $39.93.
Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF
A number of institutional investors have recently made changes to their positions in BETE. Mariner LLC acquired a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter worth approximately $282,000. Jane Street Group LLC acquired a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 2nd quarter worth approximately $295,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at $328,000.
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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