ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) saw strong trading volume on Tuesday . 19,510,777 shares traded hands during trading, an increase of 35% from the previous session’s volume of 14,499,600 shares.The stock last traded at $12.3950 and had previously closed at $12.10.
ProShares Bitcoin ETF Price Performance
The business has a 50-day simple moving average of $14.72 and a 200 day simple moving average of $18.55.
Hedge Funds Weigh In On ProShares Bitcoin ETF
Several large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new position in ProShares Bitcoin ETF in the 2nd quarter worth $991,000. Geneos Wealth Management Inc. raised its holdings in ProShares Bitcoin ETF by 10.3% during the first quarter. Geneos Wealth Management Inc. now owns 6,039 shares of the company’s stock valued at $111,000 after acquiring an additional 565 shares during the period. ORG Partners LLC lifted its position in shares of ProShares Bitcoin ETF by 904.8% in the second quarter. ORG Partners LLC now owns 17,886 shares of the company’s stock valued at $363,000 after acquiring an additional 16,106 shares in the last quarter. Acorns Advisers LLC boosted its stake in shares of ProShares Bitcoin ETF by 7.0% in the second quarter. Acorns Advisers LLC now owns 3,928,302 shares of the company’s stock worth $84,498,000 after acquiring an additional 258,155 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of ProShares Bitcoin ETF by 23.8% in the second quarter. Wedbush Securities Inc. now owns 35,260 shares of the company’s stock worth $758,000 after acquiring an additional 6,786 shares during the period.
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.
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