Nkcfo LLC Boosts Position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Nkcfo LLC lifted its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 111.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. ProShares Bitcoin Strategy ETF accounts for approximately 0.4% of Nkcfo LLC’s portfolio, making the stock its 27th biggest position. Nkcfo LLC owned about 0.05% of ProShares Bitcoin Strategy ETF worth $779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ARK Investment Management LLC acquired a new position in ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $93,213,000. Simplex Trading LLC grew its position in ProShares Bitcoin Strategy ETF by 770.7% in the 4th quarter. Simplex Trading LLC now owns 596,737 shares of the company’s stock valued at $12,227,000 after acquiring an additional 528,205 shares in the last quarter. Acorns Advisers LLC grew its position in ProShares Bitcoin Strategy ETF by 10.0% in the 3rd quarter. Acorns Advisers LLC now owns 2,295,458 shares of the company’s stock valued at $31,700,000 after acquiring an additional 208,988 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in ProShares Bitcoin Strategy ETF in the 3rd quarter valued at about $2,204,000. Finally, Total Investment Management Inc. grew its position in ProShares Bitcoin Strategy ETF by 173.2% in the 4th quarter. Total Investment Management Inc. now owns 215,808 shares of the company’s stock valued at $4,422,000 after acquiring an additional 136,819 shares in the last quarter.

ProShares Bitcoin Strategy ETF Stock Performance

Shares of ProShares Bitcoin Strategy ETF stock traded up $1.09 on Friday, reaching $25.22. 8,522,054 shares of the company were exchanged, compared to its average volume of 21,065,252. ProShares Bitcoin Strategy ETF has a 1-year low of $12.79 and a 1-year high of $33.79. The stock’s 50 day moving average price is $29.41 and its 200-day moving average price is $23.50.

About ProShares Bitcoin Strategy 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.