ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Shares Down 0.5% – Should You Sell?

ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) shares dropped 0.5% on Friday . The company traded as low as $67.36 and last traded at $67.36. Approximately 533 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 2,267 shares. The stock had previously closed at $67.72.

ProShares Bitcoin & Ether Equal Weight ETF Trading Down 0.5%

The company has a fifty day moving average price of $65.83 and a two-hundred day moving average price of $66.39.

Institutional Trading of ProShares Bitcoin & Ether Equal Weight ETF

An institutional investor recently bought a new position in ProShares Bitcoin & Ether Equal Weight ETF stock. Jane Street Group LLC purchased a new position in shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,471 shares of the company’s stock, valued at approximately $1,075,000. Jane Street Group LLC owned about 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.