SIG North Trading ULC Takes $1.86 Million Position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

SIG North Trading ULC bought a new stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 82,512 shares of the company’s stock, valued at approximately $1,857,000.

Several other hedge funds have also modified their holdings of the stock. Cedar Mountain Advisors LLC lifted its holdings in shares of ProShares Bitcoin Strategy ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares during the last quarter. Natixis purchased a new stake in ProShares Bitcoin Strategy ETF in the 1st quarter worth about $40,000. Wealth Enhancement Advisory Services LLC lifted its stake in ProShares Bitcoin Strategy 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 acquiring an additional 1,300 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in ProShares Bitcoin Strategy ETF by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,979 shares of the company’s stock worth $387,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Thrive Wealth Management LLC lifted its stake in ProShares Bitcoin Strategy ETF by 16.6% in the 2nd quarter. Thrive Wealth Management LLC now owns 10,290 shares of the company’s stock worth $232,000 after acquiring an additional 1,464 shares in the last quarter.

ProShares Bitcoin Strategy ETF Price Performance

Shares of ProShares Bitcoin Strategy ETF stock opened at $19.88 on Friday. The stock has a 50-day moving average price of $19.62 and a 200 day moving average price of $24.21. ProShares Bitcoin Strategy ETF has a 1 year low of $13.48 and a 1 year high of $33.79.

About ProShares Bitcoin Strategy ETF

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.