ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Stock Price Up 0.1% – Should You Buy?

Shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETEGet Free Report) traded up 0.1% on Tuesday . The company traded as high as $31.09 and last traded at $31.00. 3,276 shares changed hands during trading, a decline of 65% from the average session volume of 9,374 shares. The stock had previously closed at $30.96.

ProShares Bitcoin & Ether Equal Weight ETF Stock Up 0.1%

The company’s fifty day moving average is $42.61 and its 200-day moving average is $61.62.

ProShares Bitcoin & Ether Equal Weight ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.0113 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mariner LLC purchased a new stake in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter worth $282,000. Jane Street Group LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the second quarter valued at about $295,000. Finally, Flow Traders U.S. LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the third quarter worth about $328,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

(Get Free Report)

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.

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