ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading 4.2% Higher – Still a Buy?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETHGet Free Report) shares were up 4.2% during mid-day trading on Wednesday . The stock traded as high as $68.64 and last traded at $68.64. Approximately 1,458 shares changed hands during trading, a decline of 46% from the average daily volume of 2,704 shares. The stock had previously closed at $65.90.

ProShares Bitcoin & Ether Market Cap Weight ETF Trading Down 0.3 %

The firm has a fifty day moving average price of $80.36 and a 200-day moving average price of $77.06.

Institutional Trading of 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 lifted its stake in shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETHFree Report) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,406 shares of the company’s stock after purchasing an additional 460 shares during the quarter. Jane Street Group LLC owned 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 as of its most recent SEC filing.

About ProShares Bitcoin & Ether Market Cap Weight ETF

(Get Free Report)

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.

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