ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Short Interest Update

by · The Cerbat Gem

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 303 shares, a growth of 89.4% from the April 15th total of 160 shares. Based on an average trading volume of 4,123 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

ProShares Bitcoin & Ether Equal Weight ETF Price Performance

Shares of BETE stock traded down $1.40 during mid-day trading on Monday, reaching $35.61. The stock had a trading volume of 2,605 shares, compared to its average volume of 5,701. The stock’s 50-day moving average price is $35.82 and its two-hundred day moving average price is $43.25. ProShares Bitcoin & Ether Equal Weight ETF has a 52-week low of $30.40 and a 52-week high of $94.32.

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

Hedge funds have recently modified their holdings of the company. Mariner LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF in the third quarter valued at about $282,000. Jane Street Group LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF during the second quarter valued at about $295,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF during the third quarter valued at about $328,000.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

(Get Free Report)

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.

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