ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading Down 2.8% – What’s Next?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE)’s share price traded down 2.8% on Friday . The stock traded as low as $49.67 and last traded at $50.42. 7,742 shares changed hands during mid-day trading, an increase of 153% from the average session volume of 3,063 shares. The stock had previously closed at $51.86.

ProShares Bitcoin & Ether Equal Weight ETF Stock Performance

The firm has a 50 day simple moving average of $71.95 and a 200-day simple moving average of $74.27.

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC purchased a new position in ProShares Bitcoin & Ether Equal Weight ETF during the third quarter worth about $282,000. Flow Traders U.S. LLC purchased a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at approximately $328,000. Finally, Jane Street Group LLC acquired a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter worth approximately $295,000.

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.