ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $26.12, but opened at $25.51. ProShares Bitcoin ETF shares last traded at $25.62, with a volume of 1,577,921 shares changing hands.
ProShares Bitcoin ETF Trading Down 3.6 %
The business’s fifty day moving average is $21.39 and its 200-day moving average is $21.52.
Hedge Funds Weigh In On ProShares Bitcoin ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in ProShares Bitcoin ETF by 5.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 40,331 shares of the company’s stock valued at $908,000 after purchasing an additional 2,036 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ProShares Bitcoin ETF by 6.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,723 shares of the company’s stock worth $489,000 after buying an additional 1,300 shares during the period. ORG Partners LLC purchased a new position in ProShares Bitcoin ETF in the 2nd quarter valued at approximately $87,000. Means Investment CO. Inc. lifted its position in shares of ProShares Bitcoin ETF by 65.5% during the second quarter. Means Investment CO. Inc. now owns 10,985 shares of the company’s stock worth $247,000 after acquiring an additional 4,346 shares in the last quarter. Finally, Park Edge Advisors LLC boosted its holdings in shares of ProShares Bitcoin ETF by 47.0% in the second quarter. Park Edge Advisors LLC now owns 50,269 shares of the company’s stock worth $1,132,000 after acquiring an additional 16,062 shares during the period.
ProShares Bitcoin ETF Company Profile
The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of front-month CME bitcoin futures. BITO was launched on Oct 18, 2021 and is managed by ProShares.
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