ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading Down 10.3% – What’s Next?

Shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) dropped 10.3% during trading on Monday . The stock traded as low as $38.03 and last traded at $38.04. Approximately 36,995 shares changed hands during trading, an increase of 233% from the average daily volume of 11,109 shares. The stock had previously closed at $42.41.

ProShares Bitcoin & Ether Equal Weight ETF Trading Down 10.3%

The firm’s 50-day moving average price is $48.72 and its 200-day moving average price is $67.24.

ProShares Bitcoin & Ether Equal Weight ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be issued a $0.0113 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

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

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

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. BETE was launched on Oct 2, 2023 and is issued by ProShares.