ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Sold by CX Institutional

CX Institutional cut its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,744 shares of the company’s stock after selling 533 shares during the period. CX Institutional’s holdings in ProShares Bitcoin ETF were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SIG North Trading ULC acquired a new position in shares of ProShares Bitcoin ETF in the 2nd quarter valued at about $1,857,000. NewEdge Advisors LLC lifted its holdings in ProShares Bitcoin ETF by 14.1% in the second quarter. NewEdge Advisors LLC now owns 59,744 shares of the company’s stock valued at $1,345,000 after acquiring an additional 7,405 shares during the period. Sanctuary Advisors LLC purchased a new stake in ProShares Bitcoin ETF in the 2nd quarter worth approximately $659,000. Thrive Wealth Management LLC grew its stake in shares of ProShares Bitcoin ETF by 22.6% during the 3rd quarter. Thrive Wealth Management LLC now owns 12,615 shares of the company’s stock worth $242,000 after purchasing an additional 2,325 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of ProShares Bitcoin ETF by 50.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 60,637 shares of the company’s stock valued at $1,164,000 after purchasing an additional 20,306 shares in the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $25.44 on Friday. The company’s fifty day moving average price is $24.77 and its 200 day moving average price is $21.50. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $33.79.

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.