ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading 0.9% Higher – Here’s Why

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE)’s share price traded up 0.9% on Thursday . The stock traded as high as $35.62 and last traded at $35.53. 3,004 shares were traded during mid-day trading, a decline of 55% from the average session volume of 6,700 shares. The stock had previously closed at $35.23.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

The firm has a 50 day moving average of $33.98 and a two-hundred day moving average of $50.62.

ProShares Bitcoin & Ether Equal Weight ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.046 dividend. This is a boost from ProShares Bitcoin & Ether Equal Weight ETF’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.6%.

Hedge Funds Weigh In On ProShares Bitcoin & Ether Equal Weight ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mariner LLC bought a new position in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at approximately $282,000. Flow Traders U.S. LLC bought a new position in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at approximately $328,000. Finally, Jane Street Group LLC bought a new position in ProShares Bitcoin & Ether Equal Weight ETF in the 2nd quarter valued at 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. BETE was launched on Oct 2, 2023 and is issued by ProShares.