ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Stock Price Down 4.6% – What’s Next?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) were down 4.6% during mid-day trading on Thursday . The stock traded as low as $69.47 and last traded at $69.47. Approximately 3,952 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 2,587 shares. The stock had previously closed at $72.80.

ProShares Bitcoin & Ether Equal Weight ETF Stock Down 4.6%

The company’s 50 day moving average price is $79.69 and its 200-day moving average price is $73.53.

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 bought a new position in ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,383 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 3.37% of ProShares Bitcoin & Ether Equal Weight ETF at the end of the most recent reporting period.

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.