ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 2,272,364 call options on the company. This is an increase of 1,042% compared to the typical volume of 198,912 call options.
Institutional Trading of ProShares Bitcoin ETF
Hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of ProShares Bitcoin ETF during the third quarter worth $11,254,000. Whitebox Advisors LLC boosted its holdings in 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. IHT Wealth Management LLC boosted its holdings in ProShares Bitcoin ETF by 100.5% during the 3rd quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after acquiring an additional 98,643 shares during the period. SIG North Trading ULC acquired a new position in ProShares Bitcoin ETF in the 2nd quarter valued at about $1,857,000. Finally, Total Investment Management Inc. increased its stake in ProShares Bitcoin ETF by 118.4% during the third quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock worth $2,897,000 after purchasing an additional 81,836 shares during the period.
ProShares Bitcoin ETF Stock Performance
ProShares Bitcoin ETF stock opened at $24.72 on Friday. The company has a 50-day moving average price of $22.99 and a 200 day moving average price of $21.48. ProShares Bitcoin ETF has a 12-month low of $16.11 and a 12-month high of $33.79.
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.
Featured Stories
- Five stocks we like better than ProShares Bitcoin ETF
- How to Start Investing in Real Estate
- Opal Fuels CEO on Steering the Future of Renewable Natural Gas
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- MicroStrategy Joins Nasdaq-100: 2 Crypto Stocks Set to Win
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 2 Underrated Quantum Computing Companies Starting to Rally
Receive News & Ratings for ProShares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
