ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 3.6% – What’s Next?

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) fell 3.6% during mid-day trading on Thursday . The stock traded as low as $61.52 and last traded at $61.96. 1,942 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 2,746 shares. The stock had previously closed at $64.30.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The business has a 50-day moving average of $71.34 and a 200 day moving average of $77.92.

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

An institutional investor recently raised its position in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC grew its holdings in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,935 shares of the company’s stock after buying an additional 529 shares during the period. Jane Street Group LLC owned approximately 5.94% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

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.