ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Stock Price Down 5.2% – Should You Sell?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETEGet Free Report) traded down 5.2% on Wednesday . The stock traded as low as $35.10 and last traded at $35.10. 3,254 shares traded hands during trading, a decline of 57% from the average session volume of 7,555 shares. The stock had previously closed at $37.04.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

The stock has a 50-day simple moving average of $38.34 and a 200-day simple moving average of $55.78.

ProShares Bitcoin & Ether Equal Weight ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.046 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from ProShares Bitcoin & Ether Equal Weight ETF’s previous monthly dividend of $0.01.

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

Large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth about $328,000. Jane Street Group LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the second quarter valued at about $295,000. Finally, Mariner LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at about $282,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

(Get Free Report)

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.

Further Reading

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