ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $20.70, but opened at $22.09. ProShares Bitcoin ETF shares last traded at $22.46, with a volume of 7,946,747 shares changing hands.
ProShares Bitcoin ETF Trading Up 10.2 %
The business has a fifty day simple moving average of $18.63 and a 200 day simple moving average of $21.67.
Institutional Investors Weigh In On ProShares Bitcoin ETF
A number of large investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC grew its position in shares of ProShares Bitcoin ETF by 112.7% in the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares in the last quarter. Interchange Capital Partners LLC grew its position in ProShares Bitcoin ETF by 6.4% in the third 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 period. Hexagon Capital Partners LLC grew its position in ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares during the period. Natixis purchased a new position in ProShares Bitcoin ETF in the first quarter worth approximately $40,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in ProShares Bitcoin ETF by 6.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,723 shares of the company’s stock worth $489,000 after acquiring an additional 1,300 shares during the period.
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.
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