ProShares Bitcoin ETF $BITO Shares Acquired by StoneX Group Inc.

StoneX Group Inc. lifted its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 111.7% during the third quarter, Holdings Channel reports. The fund owned 293,535 shares of the company’s stock after purchasing an additional 154,856 shares during the quarter. StoneX Group Inc.’s holdings in ProShares Bitcoin ETF were worth $3,071,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in ProShares Bitcoin ETF during the 2nd quarter worth $10,223,000. Fielder Capital Group LLC raised its stake in shares of ProShares Bitcoin ETF by 0.4% in the 2nd quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock valued at $5,003,000 after purchasing an additional 2,347 shares in the last quarter. MFA Wealth Advisors LLC lifted its position in shares of ProShares Bitcoin ETF by 5.4% during the third 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 during the last quarter. Group One Trading LLC lifted its position in shares of ProShares Bitcoin ETF by 14.2% during the first quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock worth $4,285,000 after purchasing an additional 57,065 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in ProShares Bitcoin ETF by 371.3% in the second quarter. HighTower Advisors LLC now owns 421,623 shares of the company’s stock worth $3,365,000 after purchasing an additional 332,162 shares in the last quarter.

ProShares Bitcoin ETF Stock Performance

NYSEARCA:BITO opened at $10.08 on Monday. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $16.67. The stock has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $9.92.

ProShares Bitcoin ETF’s stock is scheduled 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 market closes on Wednesday, November 18th.

ProShares Bitcoin ETF 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.