ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Shares Up 5.5% – Here’s Why

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) were up 5.5% during mid-day trading on Wednesday . The stock traded as high as $90.93 and last traded at $90.93. Approximately 2,709 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 2,608 shares. The stock had previously closed at $86.18.

ProShares Bitcoin & Ether Market Cap Weight ETF Stock Performance

The company’s 50 day moving average price is $82.10 and its 200-day moving average price is $70.79.

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 increased its stake in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,406 shares of the company’s stock after acquiring an additional 460 shares during the quarter. Jane Street Group LLC owned about 5.41% of ProShares Bitcoin & Ether Market Cap Weight ETF worth $338,000 at the end of the most recent reporting period.

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.