ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 2.6% – Time to Sell?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH)’s share price traded down 2.6% during mid-day trading on Friday . The company traded as low as $91.29 and last traded at $91.29. 5,476 shares changed hands during mid-day trading, an increase of 132% from the average session volume of 2,364 shares. The stock had previously closed at $93.74.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Down 2.6 %

The business’s fifty day moving average price is $91.10 and its 200 day moving average price is $74.63.

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

A hedge fund recently raised its stake in ProShares Bitcoin & Ether Market Cap Weight ETF stock. Jane Street Group LLC grew its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,406 shares of the company’s stock after purchasing an additional 460 shares during the period. Jane Street Group LLC owned approximately 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

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.