ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 1% – Here’s What Happened

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) traded down 1% during mid-day trading on Friday . The stock traded as low as $77.52 and last traded at $77.86. 42,659 shares changed hands during mid-day trading, an increase of 1,353% from the average session volume of 2,936 shares. The stock had previously closed at $78.61.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The company’s 50-day simple moving average is $77.50 and its 200 day simple moving average is $79.73.

Institutional Investors Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

A hedge fund recently raised its stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC grew its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,935 shares of the company’s stock after acquiring an additional 529 shares during the quarter. Jane Street Group LLC owned about 5.94% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $509,000 at the end of the most recent reporting period.

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.