ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 850 shares, a growth of 1,048.6% from the July 30th total of 74 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,366 shares, the short-interest ratio is presently 0.6 days.
ProShares Bitcoin & Ether Equal Weight ETF Stock Down 0.1%
ProShares Bitcoin & Ether Equal Weight ETF stock traded down $0.03 during midday trading on Tuesday, hitting $38.65. The stock had a trading volume of 3,082 shares, compared to its average volume of 4,437. ProShares Bitcoin & Ether Equal Weight ETF has a 12 month low of $26.53 and a 12 month high of $89.40. The business has a fifty day moving average price of $30.42 and a 200 day moving average price of $32.90.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in BETE. Mariner LLC acquired a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter valued at approximately $282,000. Flow Traders U.S. LLC acquired a new position in ProShares Bitcoin & Ether Equal Weight ETF in the third quarter worth $328,000. Finally, Jane Street Group LLC bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the second quarter valued at $295,000.
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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