Creekmur Asset Management LLC Sells 12,492 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Creekmur Asset Management LLC lessened its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 83.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,533 shares of the company’s stock after selling 12,492 shares during the period. Creekmur Asset Management LLC’s holdings in ProShares Bitcoin ETF were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BITO. Cedar Mountain Advisors LLC boosted its holdings in shares of ProShares Bitcoin ETF by 112.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares in the last quarter. Natixis acquired a new stake in shares of ProShares Bitcoin ETF in the 1st quarter valued at $40,000. Hexagon Capital Partners LLC boosted its holdings in shares of ProShares Bitcoin ETF by 1,200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock valued at $25,000 after acquiring an additional 1,200 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 2nd quarter valued at $45,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 2nd quarter valued at $57,000.

ProShares Bitcoin ETF Price Performance

NYSEARCA BITO opened at $20.45 on Wednesday. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79. The business’s fifty day moving average is $18.64 and its 200 day moving average is $22.13.

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.