Simplex Trading LLC Buys New Stake in ProShares Bitcoin ETF $BITO

Simplex Trading LLC purchased a new position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 172,083 shares of the company’s stock, valued at approximately $1,927,000. Simplex Trading LLC owned approximately 0.12% of ProShares Bitcoin ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. StoneX Group Inc. lifted its holdings in ProShares Bitcoin ETF by 111.7% in the 3rd quarter. StoneX Group Inc. now owns 293,535 shares of the company’s stock valued at $3,071,000 after acquiring an additional 154,856 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of ProShares Bitcoin ETF by 4.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 48,738 shares of the company’s stock worth $546,000 after purchasing an additional 2,088 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of ProShares Bitcoin ETF by 8.0% in the 3rd quarter. IFP Advisors Inc now owns 15,352 shares of the company’s stock worth $172,000 after purchasing an additional 1,138 shares in the last quarter. MFA Wealth Advisors LLC raised its holdings in shares of ProShares Bitcoin ETF by 5.4% in the 3rd quarter. MFA Wealth Advisors LLC now owns 539,612 shares of the company’s stock worth $6,044,000 after purchasing an additional 27,730 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of ProShares Bitcoin ETF by 24.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,796 shares of the company’s stock worth $294,000 after purchasing an additional 7,141 shares in the last quarter.

ProShares Bitcoin ETF Price Performance

BITO stock opened at $9.95 on Tuesday. ProShares Bitcoin ETF has a 12 month low of $7.87 and a 12 month high of $16.67. The firm has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $9.91.

ProShares Bitcoin ETF shares are set to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

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.