ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 39.9% in June

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 679 shares, a decrease of 39.9% from the June 15th total of 1,129 shares. Based on an average trading volume of 1,894 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.3%

Shares of NYSEARCA:BETH opened at $35.50 on Friday. The firm’s fifty day moving average is $37.22 and its 200-day moving average is $41.44. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $31.89 and a 52 week high of $92.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% during the 4th quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock worth $564,000 after buying an additional 3,940 shares during the period. Osaic Holdings Inc. acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at approximately $59,000. Finally, Hoey Investments Inc. boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter.

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. BETH was launched on Oct 2, 2023 and is issued by ProShares.