ProShares Bitcoin ETF $BITO Stake Boosted by StoneX Group Inc.

StoneX Group Inc. increased its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 111.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 293,535 shares of the company’s stock after acquiring an additional 154,856 shares during the period. StoneX Group Inc. owned approximately 0.20% of ProShares Bitcoin ETF worth $3,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of ProShares Bitcoin ETF by 8.0% in the third quarter. IFP Advisors Inc now owns 15,352 shares of the company’s stock valued at $172,000 after buying an additional 1,138 shares in the last quarter. Paragon Private Wealth Management LLC grew its position in shares of ProShares Bitcoin ETF by 14.2% in the first quarter. Paragon Private Wealth Management LLC now owns 19,264 shares of the company’s stock valued at $179,000 after purchasing an additional 2,388 shares during the period. Lido Advisors LLC increased its stake in shares of ProShares Bitcoin ETF by 79.4% during the 1st quarter. Lido Advisors LLC now owns 19,264 shares of the company’s stock valued at $179,000 after acquiring an additional 8,526 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in ProShares Bitcoin ETF by 24.1% during the second quarter. Envestnet Asset Management Inc. now owns 36,796 shares of the company’s stock worth $294,000 after purchasing an additional 7,141 shares during the period. Finally, McIlrath & Eck LLC boosted its holdings in ProShares Bitcoin ETF by 174.0% in the first quarter. McIlrath & Eck LLC now owns 43,159 shares of the company’s stock valued at $402,000 after acquiring an additional 27,405 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

NYSEARCA BITO opened at $10.08 on Monday. ProShares Bitcoin ETF has a 1-year low of $7.87 and a 1-year high of $16.67. The business’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $9.92.

ProShares Bitcoin ETF’s stock is scheduled to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

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.