Marathon Trading Investment Management LLC Trims Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Marathon Trading Investment Management LLC trimmed its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 64.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,902 shares of the company’s stock after selling 77,042 shares during the quarter. Marathon Trading Investment Management LLC owned 0.05% of ProShares Bitcoin ETF worth $977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBT Bank N A NY raised its stake 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 purchasing an additional 1,090 shares during the period. Hantz Financial Services Inc. increased its stake 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 worth $28,000 after acquiring an additional 1,172 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of ProShares Bitcoin ETF in the 3rd quarter worth about $29,000. Bay Harbor Wealth Management LLC boosted its holdings in shares of 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 worth $34,000 after purchasing an additional 904 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth about $49,000.

ProShares Bitcoin ETF Trading Down 9.4 %

BITO opened at $17.57 on Tuesday. The stock has a 50-day moving average price of $22.73 and a 200-day moving average price of $21.74. ProShares Bitcoin ETF has a 12-month low of $16.11 and a 12-month high of $33.79.

ProShares Bitcoin ETF Company 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.