Proficio Capital Partners LLC Raises Stake in ProShares Bitcoin ETF (NYSEARCA:BITO)

Proficio Capital Partners LLC boosted its position in ProShares Bitcoin ETF (NYSEARCA:BITO) by 82.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 317,005 shares of the company’s stock after purchasing an additional 143,570 shares during the period. Proficio Capital Partners LLC’s holdings in ProShares Bitcoin ETF were worth $7,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BITO. Venturi Wealth Management LLC purchased a new stake in ProShares Bitcoin ETF in the third quarter valued at approximately $29,000. Thrivent Financial for Lutherans raised its position in ProShares Bitcoin ETF by 54.1% during the third quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock valued at $285,000 after acquiring an additional 5,206 shares in the last quarter. Kingsview Wealth Management LLC raised its position in ProShares Bitcoin ETF by 10.3% during the third quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock valued at $412,000 after acquiring an additional 2,000 shares in the last quarter. Hantz Financial Services Inc. raised 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 acquiring an additional 1,172 shares in the last quarter. Finally, Encompass More Asset Management purchased a new position in ProShares Bitcoin ETF during the third quarter valued at approximately $427,000.

ProShares Bitcoin ETF Trading Up 5.7 %

Shares of BITO stock opened at $18.87 on Monday. The stock has a 50 day moving average of $22.34 and a 200 day moving average of $21.70. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $32.76.

About ProShares Bitcoin 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.