ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors acquired 20,992 call options on the stock. This represents an increase of 51% compared to the typical volume of 13,887 call options.
ProShares Bitcoin ETF Stock Performance
Shares of BITO remained flat at $8.34 during midday trading on Friday. The stock had a trading volume of 205,875,894 shares, compared to its average volume of 127,899,047. ProShares Bitcoin ETF has a fifty-two week low of $7.87 and a fifty-two week high of $23.49. The firm has a 50 day moving average price of $9.64 and a 200 day moving average price of $10.37.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors purchased a new stake in shares of ProShares Bitcoin ETF in the 3rd quarter worth approximately $26,000. Barclays PLC raised its stake in ProShares Bitcoin ETF by 210,000.0% in the fourth quarter. Barclays PLC now owns 2,101 shares of the company’s stock worth $26,000 after buying an additional 2,100 shares in the last quarter. Signature Resources Capital Management LLC bought a new position in ProShares Bitcoin ETF in the fourth quarter worth approximately $31,000. Ramsey Quantitative Systems purchased a new stake in ProShares Bitcoin ETF during the first quarter worth $37,000. Finally, Sunbelt Securities Inc. lifted its holdings in ProShares Bitcoin ETF by 432.0% during the third quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock worth $42,000 after buying an additional 1,728 shares during the period.
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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