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

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 8,855 shares, an increase of 245.6% from the February 12th total of 2,562 shares. Based on an average daily volume of 4,462 shares, the short-interest ratio is presently 2.0 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 4,462 shares, the short-interest ratio is presently 2.0 days.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Up 1.5%

NYSEARCA:BETH traded up $0.58 during trading hours on Wednesday, reaching $40.05. The company had a trading volume of 2,161 shares, compared to its average volume of 6,259. The firm’s 50 day moving average price is $45.37 and its 200-day moving average price is $61.36. ProShares Bitcoin & Ether Market Cap Weight ETF has a 52 week low of $35.55 and a 52 week high of $92.84.

ProShares Bitcoin & Ether Market Cap Weight ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0541 per share. This represents a c) dividend on an annualized basis and a yield of 1.6%. This is a boost from ProShares Bitcoin & Ether Market Cap Weight ETF’s previous monthly dividend of $0.03. The ex-dividend date was Monday, March 2nd.

Institutional Trading of ProShares Bitcoin & Ether Market Cap Weight ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hoey Investments Inc. boosted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF by 66.7% during the 4th quarter. Hoey Investments Inc. now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Osaic Holdings Inc. bought a new position in ProShares Bitcoin & Ether Market Cap Weight ETF in the 2nd quarter worth $59,000. Orion Porfolio Solutions LLC lifted its position in ProShares Bitcoin & Ether Market Cap Weight ETF by 68.5% during the third quarter. Orion Porfolio Solutions LLC now owns 7,103 shares of the company’s stock valued at $578,000 after purchasing an additional 2,888 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in ProShares Bitcoin & Ether Market Cap Weight ETF during the second quarter valued at $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.