Two Sigma Securities LLC Trims Stake in ProShares Bitcoin ETF $BITO

Two Sigma Securities LLC cut its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 35.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,082 shares of the company’s stock after selling 66,666 shares during the period. Two Sigma Securities LLC owned 0.07% of ProShares Bitcoin ETF worth $974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of ProShares Bitcoin ETF by 120.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,761,837 shares of the company’s stock valued at $82,224,000 after acquiring an additional 3,700,000 shares during the period. Acorns Advisers LLC raised its holdings in ProShares Bitcoin ETF by 37.1% in the 4th quarter. Acorns Advisers LLC now owns 6,274,599 shares of the company’s stock worth $76,299,000 after purchasing an additional 1,698,373 shares during the period. IMC Chicago LLC purchased a new position in ProShares Bitcoin ETF during the second quarter valued at $10,223,000. Tidal Investments LLC lifted its position in ProShares Bitcoin ETF by 139.3% during the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock valued at $17,165,000 after purchasing an additional 530,987 shares in the last quarter. Finally, Fielder Capital Group LLC grew its holdings in ProShares Bitcoin ETF by 0.4% during the second quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock valued at $5,003,000 after purchasing an additional 2,347 shares during the period.

ProShares Bitcoin ETF Stock Performance

Shares of BITO opened at $10.63 on Tuesday. The business has a 50-day simple moving average of $8.89 and a two-hundred day simple moving average of $9.46. ProShares Bitcoin ETF has a 52 week low of $7.87 and a 52 week high of $20.91.

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.