ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading Down 3.6% – Here’s Why

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) shares traded down 3.6% on Thursday . The stock traded as low as $61.52 and last traded at $61.96. 1,942 shares traded hands during trading, a decline of 29% from the average session volume of 2,746 shares. The stock had previously closed at $64.30.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

The firm’s 50-day moving average is $71.71 and its two-hundred day moving average is $77.90.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,406 shares of the company’s stock after purchasing an additional 460 shares during the period. Jane Street Group LLC owned 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 at the end of the most recent quarter.

About ProShares Bitcoin & Ether Market Cap Weight ETF

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.