Paragon Private Wealth Management LLC Invests $254,000 in ProShares Bitcoin ETF (NYSEARCA:BITO)

Paragon Private Wealth Management LLC acquired a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,170 shares of the company’s stock, valued at approximately $254,000.

Other hedge funds have also recently made changes to their positions in the company. NBT Bank N A NY raised its position in shares of ProShares Bitcoin ETF by 1,090.0% in the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock worth $27,000 after acquiring an additional 1,090 shares in the last quarter. Hantz Financial Services Inc. increased its position in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after buying an additional 1,172 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in ProShares Bitcoin ETF in the 3rd quarter valued at about $29,000. Bay Harbor Wealth Management LLC increased its position in ProShares Bitcoin ETF by 152.2% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock valued at $34,000 after buying an additional 904 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in ProShares Bitcoin ETF in the 4th quarter valued at about $49,000.

ProShares Bitcoin ETF Stock Down 9.4 %

Shares of ProShares Bitcoin ETF stock opened at $17.57 on Tuesday. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $33.79. The business has a 50-day simple moving average of $22.73 and a 200 day simple moving average of $21.74.

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.