ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) were down 3.7% during trading on Thursday. The company traded as low as $10.79 and last traded at $10.86. Approximately 55,129,018 shares were traded during trading, a decline of 58% from the average session volume of 131,319,594 shares. The stock had previously closed at $11.28.
ProShares Bitcoin ETF Stock Performance
The stock’s 50 day moving average is $10.74 and its 200-day moving average is $9.85.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new position in ProShares Bitcoin ETF during the 2nd quarter valued at about $10,223,000. MFA Wealth Advisors LLC lifted its stake in ProShares Bitcoin ETF by 5.4% in the third quarter. MFA Wealth Advisors LLC now owns 539,612 shares of the company’s stock worth $6,044,000 after purchasing an additional 27,730 shares during the last quarter. Fielder Capital Group LLC lifted its stake in ProShares Bitcoin ETF by 0.4% in the second quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock worth $5,003,000 after purchasing an additional 2,347 shares during the last quarter. Group One Trading LLC lifted its stake in ProShares Bitcoin ETF by 14.2% in the first quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock worth $4,285,000 after purchasing an additional 57,065 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of ProShares Bitcoin ETF by 371.3% during the second quarter. HighTower Advisors LLC now owns 421,623 shares of the company’s stock valued at $3,365,000 after buying an additional 332,162 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.
Featured Articles
- Five stocks we like better than ProShares Bitcoin ETF
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for ProShares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
