Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $19.80, but opened at $19.37. ProShares Bitcoin Strategy ETF shares last traded at $19.03, with a volume of 1,856,864 shares changing hands.
ProShares Bitcoin Strategy ETF Stock Down 1.8 %
The business’s fifty day moving average is $22.70 and its 200-day moving average is $25.58.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC increased its position in ProShares Bitcoin Strategy ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after acquiring an additional 594 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter worth approximately $37,000. Natixis bought a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter valued at about $40,000. Finally, Kings Path Partners LLC bought a new position in ProShares Bitcoin Strategy ETF in the 2nd quarter worth about $45,000.
ProShares Bitcoin Strategy 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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