Marathon Trading Investment Management LLC Reduces Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Marathon Trading Investment Management LLC cut its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 64.2% in the 4th quarter, HoldingsChannel reports. The fund owned 42,902 shares of the company’s stock after selling 77,042 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in ProShares Bitcoin ETF were worth $977,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BITO. NBT Bank N A NY boosted its holdings in ProShares Bitcoin ETF by 1,090.0% during the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock valued at $27,000 after acquiring an additional 1,090 shares during the period. Hantz Financial Services Inc. lifted its holdings in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after buying an additional 1,172 shares during the period. Venturi Wealth Management LLC purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $29,000. Bay Harbor Wealth Management LLC lifted its holdings in ProShares Bitcoin ETF by 152.2% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock worth $34,000 after buying an additional 904 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in ProShares Bitcoin ETF in the 4th quarter worth approximately $49,000.

ProShares Bitcoin ETF Trading Down 9.4 %

NYSEARCA BITO opened at $17.57 on Tuesday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79. The stock has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $21.74.

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.