ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Shares Down 0.3% – Here’s What Happened

Shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $56.81 and last traded at $57.16. Approximately 1,980 shares changed hands during trading, a decline of 21% from the average daily volume of 2,493 shares. The stock had previously closed at $57.35.

ProShares Bitcoin & Ether Equal Weight ETF Stock Up 0.4 %

The stock has a 50-day simple moving average of $67.24 and a 200 day simple moving average of $70.23.

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

A hedge fund recently bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF stock. Jane Street Group LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,471 shares of the company’s stock, valued at approximately $1,075,000. Jane Street Group LLC owned 19.24% of ProShares Bitcoin & Ether Equal Weight ETF as of its most recent filing with the SEC.

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.