ProShares Bitcoin ETF Target of Unusually Large Options Trading (NYSEARCA:BITO)

ProShares Bitcoin ETF (NYSEARCA:BITO) was the recipient of some unusual options trading on Thursday. Stock traders bought 251,944 call options on the stock. This represents an increase of approximately 52% compared to the average volume of 165,547 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in ProShares Bitcoin ETF by 170.8% in the 1st quarter. Jane Street Group LLC now owns 19,154,637 shares of the company’s stock valued at $618,695,000 after purchasing an additional 12,081,007 shares during the period. Sylebra Capital LLC bought a new stake in ProShares Bitcoin ETF in the 1st quarter valued at $24,996,000. Whitebox Advisors LLC lifted its position in shares of ProShares Bitcoin ETF by 19.7% during the 3rd quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after acquiring an additional 114,872 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of ProShares Bitcoin ETF during the 3rd quarter valued at $11,254,000. Finally, United Capital Management of KS Inc. lifted its position in shares of ProShares Bitcoin ETF by 2.8% during the 2nd quarter. United Capital Management of KS Inc. now owns 420,885 shares of the company’s stock valued at $9,474,000 after acquiring an additional 11,340 shares during the period.

ProShares Bitcoin ETF Stock Up 1.0 %

NYSEARCA:BITO opened at $26.69 on Friday. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79. The stock’s 50 day moving average price is $19.91 and its two-hundred day moving average price is $21.65.

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.