ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Sees Large Drop in Short Interest

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 74 shares, a decline of 97.3% from the July 15th total of 2,716 shares. Based on an average daily volume of 3,098 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

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

Institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF in the 3rd quarter valued at $328,000. Jane Street Group LLC bought a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF during the 2nd quarter valued at about $295,000. Finally, Mariner LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at about $282,000.

ProShares Bitcoin & Ether Equal Weight ETF Trading Up 0.5%

BETE traded up $0.15 during trading on Thursday, reaching $30.32. 526 shares of the company traded hands, compared to its average volume of 4,563. ProShares Bitcoin & Ether Equal Weight ETF has a 12-month low of $26.53 and a 12-month high of $93.13. The firm has a fifty day simple moving average of $29.49 and a 200 day simple moving average of $33.43.

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.