ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Trading Down 0.3% – What’s Next?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) fell 0.3% during mid-day trading on Tuesday . The stock traded as low as $56.81 and last traded at $57.16. 1,980 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 2,493 shares. The stock had previously closed at $57.35.

ProShares Bitcoin & Ether Equal Weight ETF Stock Performance

The company’s 50 day moving average price is $67.80 and its 200-day moving average price is $70.34.

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

A hedge fund recently bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF stock. Jane Street Group LLC bought a new stake in shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,471 shares of the company’s stock, valued at approximately $1,075,000. Jane Street Group LLC owned approximately 19.24% of ProShares Bitcoin & Ether Equal Weight ETF at the end of the most recent reporting period.

ProShares Bitcoin & Ether Equal Weight ETF Company Profile

The ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. It does not invest directly in bitcoin or ether.