ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Down 2.6% – Time to Sell?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) fell 2.6% during mid-day trading on Monday . The stock traded as low as $39.06 and last traded at $39.58. 4,130 shares traded hands during trading, a decline of 2% from the average session volume of 4,227 shares. The stock had previously closed at $40.63.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 2.6%

The company has a 50-day moving average price of $41.86 and a 200-day moving average price of $46.52.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC boosted its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 55.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 11,043 shares of the company’s stock worth $564,000 after buying an additional 3,940 shares during the period. Hoey Investments Inc. boosted its position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Finally, Osaic Holdings Inc. acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter worth approximately $59,000.

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.