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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 2,562 shares, a decline of 76.7% from the January 29th total of 11,016 shares. Based on an average daily trading volume, of 9,151 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 9,151 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BETH. Hoey Investments Inc. boosted its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the fourth quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of ProShares Bitcoin & Ether Market Cap Weight ETF during the 2nd quarter worth approximately $59,000. Orion Porfolio Solutions LLC boosted its stake in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock valued at $578,000 after buying an additional 2,888 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter valued at $500,000.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 3.1%

ProShares Bitcoin & Ether Market Cap Weight ETF stock traded down $1.19 on Friday, hitting $37.13. The company’s stock had a trading volume of 6,854 shares, compared to its average volume of 6,276. ProShares Bitcoin & Ether Market Cap Weight ETF has a one year low of $35.55 and a one year high of $92.84. The company has a fifty day moving average price of $47.11 and a 200-day moving average price of $64.08.

ProShares Bitcoin & Ether Market Cap Weight ETF Cuts Dividend

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

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.