Creative Planning cut its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 32.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,257 shares of the company’s stock after selling 16,545 shares during the period. Creative Planning’s holdings in ProShares Bitcoin ETF were worth $771,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SIG North Trading ULC bought a new position in ProShares Bitcoin ETF during the 2nd quarter worth $1,857,000. Whitebox Advisors LLC lifted its position in shares of ProShares Bitcoin ETF by 8.2% during the 2nd quarter. Whitebox Advisors LLC now owns 582,170 shares of the company’s stock worth $13,105,000 after buying an additional 44,170 shares in the last quarter. PFG Investments LLC grew its stake in shares of ProShares Bitcoin ETF by 31.4% during the 2nd quarter. PFG Investments LLC now owns 26,351 shares of the company’s stock worth $593,000 after acquiring an additional 6,298 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in ProShares Bitcoin ETF during the second quarter worth about $57,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new position in ProShares Bitcoin ETF in the 2nd quarter valued at approximately $251,000.
ProShares Bitcoin ETF Trading Up 5.8 %
Shares of BITO opened at $17.98 on Friday. The business’s 50-day moving average price is $18.56 and its 200-day moving average price is $23.19. ProShares Bitcoin ETF has a twelve month low of $13.49 and a twelve month 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.
Recommended Stories
- Five stocks we like better than ProShares Bitcoin ETF
- Compound Interest and Why It Matters When Investing
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- EV Stocks and How to Profit from Them
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for ProShares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
