ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Short Interest Update

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,016 shares, a decrease of 25.2% from the January 15th total of 14,732 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average trading volume of 5,677 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 5,677 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.4% of the shares of the stock are sold short.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Up 5.5%

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF stock opened at $39.02 on Tuesday. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $35.55 and a 12 month high of $92.84. The business’s 50-day moving average price is $50.19 and its 200-day moving average price is $66.76.

ProShares Bitcoin & Ether Market Cap Weight ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0313 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 1.0%.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Market Cap Weight ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter worth $500,000. Orion Porfolio Solutions LLC bought a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at about $341,000. Osaic Holdings Inc. purchased a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter valued at about $59,000. Finally, Hoey Investments Inc. boosted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period.

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