ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) saw an uptick in trading volume on Tuesday . 303,747,697 shares changed hands during trading, an increase of 101% from the previous session’s volume of 151,221,438 shares.The stock last traded at $9.02 and had previously closed at $8.82.
ProShares Bitcoin ETF Price Performance
The firm has a 50-day simple moving average of $9.13 and a 200-day simple moving average of $10.04.
Hedge Funds Weigh In On ProShares Bitcoin ETF
Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC increased its stake in ProShares Bitcoin ETF by 4.1% in the 2nd quarter. Cerity Partners LLC now owns 16,298 shares of the company’s stock worth $351,000 after acquiring an additional 635 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of ProShares Bitcoin ETF by 8.9% in the third quarter. Lido Advisors LLC now owns 10,673 shares of the company’s stock valued at $210,000 after purchasing an additional 874 shares in the last quarter. Bank of America Corp DE increased its position in ProShares Bitcoin ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 52,200 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,000 shares during the last quarter. Blair William & Co. IL increased its position in ProShares Bitcoin ETF by 10.9% in the third quarter. Blair William & Co. IL now owns 11,216 shares of the company’s stock worth $221,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in ProShares Bitcoin ETF during the third quarter valued at $26,000.
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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