Sanctuary Advisors LLC Trims Stock Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Sanctuary Advisors LLC lowered its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 65.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,095 shares of the company’s stock after selling 19,193 shares during the period. Sanctuary Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BITO. Hexagon Capital Partners LLC raised its stake in ProShares Bitcoin ETF by 1,200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. grew its position in ProShares Bitcoin ETF by 408.4% during the third quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after buying an additional 1,172 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of ProShares Bitcoin ETF in the 3rd quarter valued at about $29,000. Finally, Cedar Mountain Advisors LLC raised its stake in shares of ProShares Bitcoin ETF by 57.8% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock worth $34,000 after buying an additional 648 shares during the period.

ProShares Bitcoin ETF Trading Down 1.2 %

Shares of NYSEARCA BITO opened at $23.06 on Monday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The company’s 50-day simple moving average is $23.43 and its 200-day simple moving average is $21.32.

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.