ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s stock price rose 4.7% on Tuesday . The company traded as high as $20.74 and last traded at $20.72. Approximately 8,721,666 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 13,580,356 shares. The stock had previously closed at $19.79.
ProShares Bitcoin ETF Stock Performance
The business’s 50-day moving average is $18.62 and its 200-day moving average is $22.19.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Realta Investment Advisors bought a new position in shares of ProShares Bitcoin ETF in the third quarter worth approximately $193,000. Interchange Capital Partners LLC raised its holdings in ProShares Bitcoin ETF by 6.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock worth $276,000 after acquiring an additional 858 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in ProShares Bitcoin ETF by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,365 shares of the company’s stock valued at $448,000 after acquiring an additional 1,642 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in ProShares Bitcoin ETF by 9,576.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 64,544 shares of the company’s stock valued at $1,283,000 after purchasing an additional 63,877 shares during the last quarter. Finally, Means Investment CO. Inc. increased its holdings in shares of ProShares Bitcoin ETF by 49.8% in the 3rd quarter. Means Investment CO. Inc. now owns 16,453 shares of the company’s stock worth $316,000 after purchasing an additional 5,468 shares in the last quarter.
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.
Read More
- Five stocks we like better than ProShares Bitcoin ETF
- Investing in Commodities: What Are They? How to Invest in Them
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- How to Most Effectively Use the MarketBeat Earnings Screener
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- 3 Tickers Leading a Meme Stock Revival
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
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.