HighTower Advisors LLC Sells 11,899 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

HighTower Advisors LLC lowered its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,905 shares of the company’s stock after selling 11,899 shares during the period. HighTower Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NBT Bank N A NY boosted its position in shares of ProShares Bitcoin ETF by 1,090.0% during the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock valued at $27,000 after acquiring an additional 1,090 shares in the last quarter. Hantz Financial Services Inc. lifted its stake 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 worth $28,000 after purchasing an additional 1,172 shares during the period. Bay Harbor Wealth Management LLC boosted its holdings in ProShares Bitcoin ETF by 152.2% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock valued at $34,000 after purchasing an additional 904 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of ProShares Bitcoin ETF in the 4th quarter valued at approximately $49,000. Finally, Caitlin John LLC raised its holdings in shares of ProShares Bitcoin ETF by 35.7% in the 4th quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock worth $71,000 after buying an additional 820 shares in the last quarter.

ProShares Bitcoin ETF Stock Down 3.7 %

Shares of BITO stock opened at $18.66 on Friday. The stock’s fifty day simple moving average is $21.40 and its 200 day simple moving average is $21.72. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $31.73.

ProShares Bitcoin ETF 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.