ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) Stock Price Down 3% – Should You Sell?

Shares of ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) were down 3% during trading on Thursday . The stock traded as low as $69.66 and last traded at $69.66. Approximately 462 shares traded hands during trading, a decline of 80% from the average daily volume of 2,315 shares. The stock had previously closed at $71.80.

ProShares Bitcoin & Ether Equal Weight ETF Trading Down 3.0%

The company’s 50-day moving average price is $60.31 and its 200 day moving average price is $68.73.

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 bought a new stake in ProShares Bitcoin & Ether Equal Weight ETF (NYSEARCA:BETE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,471 shares of the company’s stock, valued at approximately $1,075,000. Jane Street Group LLC owned 19.24% of ProShares Bitcoin & Ether Equal Weight ETF as of its most recent SEC filing.

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.