ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Sees Large Increase in Short Interest

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 303 shares, an increase of 89.4% from the April 15th total of 160 shares. Based on an average daily trading volume, of 4,123 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

ProShares Bitcoin & Ether Equal Weight ETF Stock Performance

Shares of NYSEARCA BETE remained flat at $35.61 during mid-day trading on Tuesday. 691 shares of the company traded hands, compared to its average volume of 5,646. The firm’s 50 day moving average price is $35.82 and its 200-day moving average price is $43.25. ProShares Bitcoin & Ether Equal Weight ETF has a twelve month low of $30.40 and a twelve month high of $94.32.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC acquired a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at approximately $282,000. Flow Traders U.S. LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the third quarter valued at approximately $328,000. Finally, Jane Street Group LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the second quarter valued at approximately $295,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

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