ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Sees Large Increase in Short Interest

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 904 shares, an increase of 90,300.0% from the September 15th total of 1 shares. Based on an average daily volume of 1,813 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock traded up $0.26 during midday trading on Friday, hitting $45.09. The company had a trading volume of 871 shares, compared to its average volume of 3,026. The company has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $39.88. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12-month low of $31.89 and a 12-month high of $83.76.

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.