ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Trading Down 2.6% – What’s Next?

ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) shares fell 2.6% on Friday . The company traded as low as $91.29 and last traded at $91.29. 5,476 shares were traded 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 Performance

The company’s 50-day simple moving average is $91.10 and its 200 day simple moving average is $74.62.

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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,406 shares of the company’s stock after buying an additional 460 shares during the period. 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

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.