Short Interest in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Drops By 99.8%

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, a decrease of 99.8% from the August 15th total of 514 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,896 shares, the short-interest ratio is currently 0.0 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

BETH traded down $0.57 during midday trading on Thursday, hitting $42.95. 1,278 shares of the company traded hands, compared to its average volume of 3,236. The business has a 50 day simple moving average of $38.09 and a two-hundred day simple moving average of $38.99. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52-week low of $31.89 and a 52-week high of $87.02.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Orion Porfolio Solutions LLC raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 55.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,043 shares of the company’s stock after buying an additional 3,940 shares during the period. Orion Porfolio Solutions LLC owned about 3.45% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $564,000 at the end of the most recent reporting period.

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.