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

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) were up 5.5% on Wednesday . The company traded as high as $90.93 and last traded at $90.93. Approximately 2,709 shares were traded during 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 firm has a 50 day moving average price of $83.07 and a 200-day moving average price of $71.05.

Hedge Funds 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 increased its position in shares of 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 fund 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 as of its most recent SEC filing.

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.