Stevens Capital Management LP Acquires 68,139 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Stevens Capital Management LP increased its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 376.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,233 shares of the company’s stock after acquiring an additional 68,139 shares during the period. Stevens Capital Management LP owned approximately 0.10% of ProShares Bitcoin ETF worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. IHT Wealth Management LLC lifted its stake in shares of ProShares Bitcoin ETF by 100.5% in the third quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock worth $3,619,000 after buying an additional 98,643 shares in the last quarter. SIG North Trading ULC bought a new position in shares of ProShares Bitcoin ETF in the second quarter worth approximately $1,857,000. Total Investment Management Inc. lifted its stake in shares of ProShares Bitcoin ETF by 118.4% in the third quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock worth $2,897,000 after buying an additional 81,836 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of ProShares Bitcoin ETF by 9,576.8% in the third quarter. Silver Oak Securities Incorporated now owns 64,544 shares of the company’s stock worth $1,283,000 after buying an additional 63,877 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its stake in shares of ProShares Bitcoin ETF by 8.2% in the second quarter. Whitebox Advisors LLC now owns 582,170 shares of the company’s stock worth $13,105,000 after buying an additional 44,170 shares in the last quarter.

ProShares Bitcoin ETF Trading Up 3.6 %

Shares of NYSEARCA BITO opened at $25.55 on Thursday. The firm’s 50 day moving average price is $21.15 and its 200-day moving average price is $21.60. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79.

About ProShares Bitcoin ETF

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.