ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $14.05 and last traded at $14.0010, with a volume of 8096280 shares traded. The stock had previously closed at $14.52.
ProShares Bitcoin ETF Trading Down 4.0%
The firm has a 50-day moving average of $18.33 and a two-hundred day moving average of $20.30.
Institutional Investors Weigh In On ProShares Bitcoin ETF
Several hedge funds and other institutional investors have recently made changes to their positions in BITO. Cerity Partners LLC acquired a new stake in ProShares Bitcoin ETF in the first quarter valued at $287,000. Geneos Wealth Management Inc. grew its position in shares of ProShares Bitcoin ETF by 10.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,039 shares of the company’s stock valued at $111,000 after buying an additional 565 shares during the last quarter. ORG Partners LLC grew its position in shares of ProShares Bitcoin ETF by 904.8% in the 2nd quarter. ORG Partners LLC now owns 17,886 shares of the company’s stock valued at $363,000 after buying an additional 16,106 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of ProShares Bitcoin ETF by 164.3% in the first quarter. Wedbush Securities Inc. now owns 28,474 shares of the company’s stock valued at $522,000 after buying an additional 17,700 shares during the period. Finally, Wealth Management Nebraska raised its position in shares of ProShares Bitcoin ETF by 16.3% during the second quarter. Wealth Management Nebraska now owns 19,335 shares of the company’s stock worth $413,000 after acquiring an additional 2,708 shares during the last quarter.
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.
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