ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Trading 4.6% Higher

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)’s stock price were up 4.6% during mid-day trading on Thursday . The stock traded as high as $28.02 and last traded at $27.87. Approximately 3,978,422 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 22,651,242 shares. The stock had previously closed at $26.64.

ProShares Bitcoin Strategy ETF Trading Up 4.0 %

The company has a 50-day moving average price of $28.69 and a two-hundred day moving average price of $22.35.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter worth $25,000. Harbour Investments Inc. increased its position in shares of ProShares Bitcoin Strategy ETF by 1,182.5% during the fourth quarter. Harbour Investments Inc. now owns 1,539 shares of the company’s stock valued at $32,000 after acquiring an additional 1,419 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at approximately $37,000. Valley National Advisers Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter worth approximately $40,000. Finally, VitalStone Financial LLC increased its holdings in ProShares Bitcoin Strategy ETF by 450.3% in the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after purchasing an additional 2,283 shares during the last quarter.

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.