ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 14,732 shares, a growth of 210.8% from the December 31st total of 4,740 shares. Based on an average trading volume of 5,797 shares, the days-to-cover ratio is presently 2.5 days. Approximately 4.6% of the company’s shares are sold short. Approximately 4.6% of the company’s shares are sold short. Based on an average trading volume of 5,797 shares, the days-to-cover ratio is presently 2.5 days.
Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF
A number of large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at $500,000. Orion Porfolio Solutions LLC purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth about $341,000. Osaic Holdings Inc. purchased a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth about $59,000. Finally, Hoey Investments Inc. lifted its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter.
ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.3%
Shares of BETH stock opened at $51.78 on Thursday. ProShares Bitcoin & Ether Market Cap Weight ETF has a 1-year low of $50.50 and a 1-year high of $95.01. The stock’s fifty day simple moving average is $54.19 and its 200-day simple moving average is $71.34.
ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile
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.
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