ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) Stock Price Down 6.3% – Time to Sell?

Shares of ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) fell 6.3% during trading on Tuesday . The company traded as low as $72.60 and last traded at $74.70. 14,961 shares changed hands during trading, an increase of 530% from the average session volume of 2,374 shares. The stock had previously closed at $79.72.

ProShares Bitcoin & Ether Market Cap Weight ETF Price Performance

The company’s 50-day simple moving average is $87.68 and its two-hundred day simple moving average is $76.29.

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 grew its stake in ProShares Bitcoin & Ether Market Cap Weight ETF (NYSEARCA:BETH) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,406 shares of the company’s stock after buying an additional 460 shares during the quarter. Jane Street Group LLC owned approximately 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.