ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Stake Lowered by Altiora Financial Group LLC

Altiora Financial Group LLC decreased its stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 34.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,500 shares of the company’s stock after selling 8,857 shares during the period. Altiora Financial Group LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirador Capital Partners LP acquired a new position in ProShares Bitcoin Strategy ETF during the 1st quarter valued at about $367,000. Thrive Wealth Management LLC bought a new position in ProShares Bitcoin Strategy ETF in the 1st quarter worth approximately $285,000. IMC Chicago LLC acquired a new stake in ProShares Bitcoin Strategy ETF in the 1st quarter valued at approximately $10,641,000. SageView Advisory Group LLC bought a new stake in ProShares Bitcoin Strategy ETF during the 4th quarter valued at $245,000. Finally, VitalStone Financial LLC boosted its position in ProShares Bitcoin Strategy ETF by 450.3% during the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock worth $57,000 after acquiring an additional 2,283 shares during the period.

ProShares Bitcoin Strategy ETF Trading Down 2.4 %

Shares of NYSEARCA:BITO traded down $0.53 on Wednesday, hitting $21.16. The company’s stock had a trading volume of 4,441,429 shares, compared to its average volume of 16,737,936. ProShares Bitcoin Strategy ETF has a 12 month low of $12.79 and a 12 month high of $33.79. The stock’s 50-day moving average is $25.70 and its two-hundred day moving average is $25.53.

ProShares Bitcoin Strategy ETF 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.