ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Down 96.1% in April

by · The Cerbat Gem

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 43 shares, a drop of 96.1% from the April 15th total of 1,105 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,680 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

Shares of NYSEARCA:BETH traded up $0.92 during trading on Monday, reaching $45.66. 1,445 shares of the company were exchanged, compared to its average volume of 4,656. The business’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $49.59. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12-month low of $35.55 and a 12-month high of $92.84.

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

A number of institutional investors have recently modified their holdings of the stock. Hoey Investments Inc. increased 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 acquiring an additional 200 shares during the period. Osaic Holdings Inc. bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at approximately $59,000. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% during the third quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock valued at $578,000 after purchasing an additional 2,888 shares in the last quarter.

About ProShares Bitcoin & Ether Market Cap Weight ETF

(Get Free Report)

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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