ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Sees Large Increase in Short Interest

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 14,732 shares, an increase of 210.8% from the December 31st total of 4,740 shares. Based on an average daily volume of 5,797 shares, the short-interest ratio is presently 2.5 days. Approximately 4.6% of the company’s stock are short sold. Approximately 4.6% of the company’s stock are short sold. Based on an average daily volume of 5,797 shares, the short-interest ratio is presently 2.5 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 0.3%

ProShares Bitcoin & Ether Market Cap Weight ETF stock opened at $51.78 on Thursday. ProShares Bitcoin & Ether Market Cap Weight ETF has a 12 month low of $50.50 and a 12 month high of $95.01. The company has a fifty day moving average price of $54.19 and a two-hundred day moving average price of $71.34.

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

Large investors have recently added to or reduced their stakes in the stock. Hoey Investments Inc. lifted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% in the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth approximately $59,000. Orion Porfolio Solutions LLC bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF in the second quarter valued at approximately $341,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at approximately $500,000.

About ProShares Bitcoin & Ether Market Cap Weight ETF

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.