Paragon Advisors LLC Has $330,000 Stake in ProShares Bitcoin ETF (NYSEARCA:BITO)

Paragon Advisors LLC lowered its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 94.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,215 shares of the company’s stock after selling 299,514 shares during the period. Paragon Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its stake in ProShares Bitcoin ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock worth $25,000 after buying an additional 594 shares in the last quarter. Natixis bought a new stake in ProShares Bitcoin ETF in the first quarter valued at about $40,000. Hexagon Capital Partners LLC raised its position in ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares in the last quarter. LGT Financial Advisors LLC bought a new position in ProShares Bitcoin ETF during the third quarter worth about $28,000. Finally, Venturi Wealth Management LLC acquired a new stake in ProShares Bitcoin ETF during the third quarter valued at approximately $29,000.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $24.66 on Friday. The business has a fifty day moving average of $19.29 and a two-hundred day moving average of $21.62. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79.

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.