Financial Engines Advisors L.L.C. increased its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,981 shares of the company’s stock after purchasing an additional 1,027 shares during the period. Financial Engines Advisors L.L.C.’s holdings in ProShares Bitcoin ETF were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in BITO. Concourse Financial Group Securities Inc. increased its holdings in ProShares Bitcoin ETF by 650.9% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 1,284 shares of the company’s stock valued at $29,000 after buying an additional 1,113 shares during the last quarter. ORG Partners LLC purchased a new stake in ProShares Bitcoin ETF during the first quarter valued at approximately $32,000. CoreCap Advisors LLC purchased a new stake in ProShares Bitcoin ETF during the fourth quarter valued at approximately $34,000. BOKF NA purchased a new stake in ProShares Bitcoin ETF during the fourth quarter valued at approximately $35,000. Finally, Copia Wealth Management purchased a new stake in ProShares Bitcoin ETF during the fourth quarter valued at approximately $37,000.
ProShares Bitcoin ETF Stock Up 0.5%
Shares of BITO stock opened at $21.68 on Wednesday. ProShares Bitcoin ETF has a 12 month low of $16.11 and a 12 month high of $27.88. The company has a 50 day simple moving average of $21.60 and a two-hundred day simple moving average of $20.93.
ProShares Bitcoin ETF 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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Want to see what other hedge funds are holding BITO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report).
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