ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) fell 1.9% during trading on Thursday . The stock traded as low as $30.39 and last traded at $30.48. 1,811 shares were traded during trading, a decline of 63% from the average daily volume of 4,896 shares. The stock had previously closed at $31.07.
ProShares Bitcoin & Ether Equal Weight ETF Stock Performance
The stock’s 50-day moving average is $31.30 and its 200 day moving average is $35.75.
Hedge Funds Weigh In On ProShares Bitcoin & Ether Equal Weight ETF
Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 2nd quarter valued at $295,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth $328,000. Finally, Mariner LLC purchased a new position in ProShares Bitcoin & Ether Equal Weight ETF during the 3rd quarter worth $282,000.
About ProShares Bitcoin & Ether Equal Weight ETF
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.
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