ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 43 shares, a drop of 96.1% from the April 15th total of 1,105 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,680 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BETH. Orion Porfolio Solutions LLC boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% during the fourth 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. purchased a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at approximately $59,000. Finally, Hoey Investments Inc. increased its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth 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 period.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

Shares of BETH stock traded down $0.67 during trading hours on Tuesday, hitting $44.99. The stock had a trading volume of 658 shares, compared to its average volume of 4,611. The stock’s 50 day moving average is $41.06 and its 200 day moving average is $49.59. ProShares Bitcoin & Ether Market Cap Weight ETF has a twelve month low of $35.55 and a twelve month high of $92.84.

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.