ProShares Bitcoin ETF $BITO Shares Sold by PFG Investments LLC

PFG Investments LLC reduced its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 52.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,793 shares of the company’s stock after selling 116,428 shares during the period. PFG Investments LLC’s holdings in ProShares Bitcoin ETF were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BITO. Kelleher Financial Advisors purchased a new position in shares of ProShares Bitcoin ETF in the third quarter valued at $26,000. Barclays PLC boosted its position in shares of ProShares Bitcoin ETF by 210,000.0% in the 4th quarter. Barclays PLC now owns 2,101 shares of the company’s stock worth $26,000 after buying an additional 2,100 shares in the last quarter. Sunbelt Securities Inc. grew its stake in ProShares Bitcoin ETF by 432.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $42,000 after acquiring an additional 1,728 shares during the last quarter. Signature Resources Capital Management LLC acquired a new stake in ProShares Bitcoin ETF in the 4th quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in ProShares Bitcoin ETF by 422.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,100 shares of the company’s stock valued at $67,000 after acquiring an additional 2,507 shares in the last quarter.

ProShares Bitcoin ETF Stock Performance

NYSEARCA:BITO opened at $8.34 on Monday. The firm has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $10.34. ProShares Bitcoin ETF has a twelve month low of $7.87 and a twelve month high of $23.49.

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.