ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 4% – What’s Next?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) shares traded down 4% during mid-day trading on Thursday . The stock traded as low as $63.03 and last traded at $63.28. 4,192 shares changed hands during trading, an increase of 13% from the average session volume of 3,706 shares. The stock had previously closed at $65.92.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The stock has a 50-day moving average of $77.41 and a 200 day moving average of $81.02.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% in the third quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock valued at $578,000 after acquiring an additional 2,888 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $59,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile

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.