ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.19, but opened at $18.06. ProShares Bitcoin Strategy ETF shares last traded at $17.83, with a volume of 1,405,648 shares traded.
ProShares Bitcoin Strategy ETF Stock Performance
The stock’s 50 day moving average price is $19.45 and its 200-day moving average price is $23.90.
Institutional Trading of ProShares Bitcoin Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of BITO. Aveo Capital Partners LLC bought a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter worth $342,000. Cambridge Investment Research Advisors Inc. grew its holdings in ProShares Bitcoin Strategy ETF by 60.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,622 shares of the company’s stock worth $1,427,000 after acquiring an additional 26,308 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in ProShares Bitcoin Strategy ETF by 14.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,485 shares of the company’s stock valued at $522,000 after purchasing an additional 3,245 shares during the period. Exencial Wealth Advisors LLC bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $298,000. Finally, VitalStone Financial LLC raised its holdings in shares of ProShares Bitcoin Strategy ETF by 450.3% in the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after purchasing an additional 2,283 shares in the last quarter.
About ProShares Bitcoin Strategy 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.
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