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 increase in short interest in June. As of June 15th, there was short interest totaling 1,129 shares, an increase of 112,800.0% from the May 31st total of 1 shares. Based on an average trading volume of 4,519 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $341,000. Osaic Holdings Inc. purchased a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth 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 worth $26,000 after buying an additional 200 shares during the last quarter.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

Shares of BETH stock traded down $0.32 on Thursday, hitting $32.47. The stock had a trading volume of 2,473 shares, compared to its average volume of 4,126. The business has a 50 day moving average of $40.36 and a 200 day moving average of $43.72. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12-month low of $32.36 and a 12-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.