Sylebra Capital LLC bought a new position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 773,865 shares of the company’s stock, valued at approximately $24,996,000. ProShares Bitcoin Strategy ETF accounts for approximately 0.8% of Sylebra Capital LLC’s holdings, making the stock its 22nd biggest holding. Sylebra Capital LLC owned about 0.93% of ProShares Bitcoin Strategy ETF at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Whitebox Advisors LLC grew its holdings in shares of ProShares Bitcoin Strategy ETF by 41.6% in the 1st quarter. Whitebox Advisors LLC now owns 538,000 shares of the company’s stock valued at $17,377,000 after buying an additional 158,175 shares during the period. Wick Capital Partners LLC acquired a new position in ProShares Bitcoin Strategy ETF in the first quarter valued at about $318,000. K2 Principal Fund L.P. bought a new stake in shares of ProShares Bitcoin Strategy ETF in the first quarter worth about $4,203,000. Toronto Dominion Bank acquired a new stake in shares of ProShares Bitcoin Strategy ETF during the first quarter worth about $484,000. Finally, CreativeOne Wealth LLC bought a new position in shares of ProShares Bitcoin Strategy ETF during the 1st quarter valued at about $217,000.
ProShares Bitcoin Strategy ETF Stock Down 2.0 %
Shares of BITO stock traded down $0.48 during trading hours on Tuesday, hitting $22.95. 6,792,924 shares of the company were exchanged, compared to its average volume of 15,833,828. ProShares Bitcoin Strategy ETF has a 52 week low of $12.79 and a 52 week high of $33.79. The business has a 50 day moving average of $24.00 and a two-hundred day moving average of $25.61.
ProShares Bitcoin Strategy 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.
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