ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Bought by Hoey Investments Inc.

Hoey Investments Inc. raised its position in ProShares Bitcoin ETF (NYSEARCA:BITO) by 22.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,124 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Hoey Investments Inc.’s holdings in ProShares Bitcoin ETF were worth $295,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BITO. CX Institutional raised its position in ProShares Bitcoin ETF by 44.0% in the first quarter. CX Institutional now owns 28,422 shares of the company’s stock worth $521,000 after acquiring an additional 8,678 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in ProShares Bitcoin ETF during the 1st quarter worth about $898,000. Kings Path Partners LLC grew its stake in ProShares Bitcoin ETF by 100.0% during the 1st quarter. Kings Path Partners LLC now owns 10,000 shares of the company’s stock valued at $183,000 after acquiring an additional 5,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in ProShares Bitcoin ETF by 232.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,576 shares of the company’s stock valued at $1,767,000 after acquiring an additional 54,211 shares in the last quarter. Finally, Copia Wealth Management purchased a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $37,000.

ProShares Bitcoin ETF Stock Down 1.6%

NYSEARCA:BITO opened at $21.06 on Friday. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $27.88. The stock’s 50-day moving average is $20.71 and its two-hundred day moving average is $21.82.

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.