ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, a decline of 99.8% from the August 15th total of 514 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,896 shares, the short-interest ratio is presently 0.0 days.
ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance
Shares of NYSEARCA:BETH traded up $0.43 during midday trading on Friday, reaching $43.38. The company had a trading volume of 1,278 shares, compared to its average volume of 3,236. The company’s 50 day moving average price is $38.09 and its 200 day moving average price is $38.99. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52-week low of $31.89 and a 52-week high of $87.02.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC lifted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Free Report) by 55.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,043 shares of the company’s stock after purchasing an additional 3,940 shares during the period. Orion Porfolio Solutions LLC owned 3.45% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $564,000 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.
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