ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as $12.69 and last traded at $12.6950, with a volume of 4768868 shares traded. The stock had previously closed at $14.20.
ProShares Bitcoin ETF Stock Performance
The firm has a 50-day moving average price of $17.36 and a two-hundred day moving average price of $19.89.
Institutional Investors Weigh In On ProShares Bitcoin ETF
Large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors increased its position in shares of ProShares Bitcoin ETF by 11.3% during the first quarter. Arkadios Wealth Advisors now owns 38,513 shares of the company’s stock worth $706,000 after acquiring an additional 3,921 shares during the period. Blair William & Co. IL boosted its holdings in shares of ProShares Bitcoin ETF by 6.3% in the first quarter. Blair William & Co. IL now owns 9,280 shares of the company’s stock valued at $170,000 after purchasing an additional 547 shares during the period. Vision Financial Markets LLC grew its stake in ProShares Bitcoin ETF by 237.3% in the first quarter. Vision Financial Markets LLC now owns 57,117 shares of the company’s stock worth $1,046,000 after purchasing an additional 40,181 shares in the last quarter. Headlands Technologies LLC grew its stake in ProShares Bitcoin ETF by 368.9% in the first quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock worth $63,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in ProShares Bitcoin ETF during the 1st quarter worth $2,537,000.
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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