ProShares Bitcoin ETF (NYSEARCA:BITO) Short Interest Update

ProShares Bitcoin ETF (NYSEARCA:BITO) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 13,036,900 shares, a decline of 39.2% from the January 29th total of 21,444,173 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 78,712,746 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 78,712,746 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.2% of the shares of the company are short sold.

ProShares Bitcoin ETF Price Performance

BITO stock traded up $0.47 during mid-day trading on Monday, reaching $9.53. The company had a trading volume of 133,190,599 shares, compared to its average volume of 72,002,313. The firm has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $15.30. ProShares Bitcoin ETF has a fifty-two week low of $8.61 and a fifty-two week high of $23.63.

ProShares Bitcoin ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, March 2nd will be issued a $0.0143 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. This is a boost from ProShares Bitcoin ETF’s previous monthly dividend of $0.01.

Institutional Investors Weigh In On ProShares Bitcoin ETF

A number of large investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors acquired a new position in ProShares Bitcoin ETF during the 3rd quarter worth $26,000. Barclays PLC grew its holdings in shares of ProShares Bitcoin ETF by 210,000.0% in the 4th quarter. Barclays PLC now owns 2,101 shares of the company’s stock worth $26,000 after acquiring an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of ProShares Bitcoin ETF during the second quarter worth $28,000. ST Germain D J Co. Inc. lifted its holdings in shares of ProShares Bitcoin ETF by 55.4% during the third quarter. ST Germain D J Co. Inc. now owns 1,462 shares of the company’s stock valued at $29,000 after purchasing an additional 521 shares during the last quarter. Finally, Caitlin John LLC acquired a new position in shares of ProShares Bitcoin ETF in the 3rd quarter valued at $29,000.

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.