ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Down 3.5% – Time to Sell?

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) fell 3.5% during trading on Friday . The company traded as low as $54.79 and last traded at $55.12. 5,616 shares were traded during trading, an increase of 44% from the average session volume of 3,909 shares. The stock had previously closed at $57.13.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

The company’s 50 day moving average is $69.67 and its 200 day moving average is $78.81.

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

A number of institutional investors have recently added to or reduced their stakes in BETH. Orion Porfolio Solutions LLC grew its holdings in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock worth $578,000 after purchasing an additional 2,888 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at $59,000. Finally, Flow Traders U.S. LLC bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Company Profile

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.