Silver Oak Securities Incorporated Raises Holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Silver Oak Securities Incorporated lifted its holdings in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 1,683.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,745 shares of the company’s stock after purchasing an additional 86,602 shares during the period. Silver Oak Securities Incorporated’s holdings in ProShares Bitcoin Strategy ETF were worth $1,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BITO. ARK Investment Management LLC purchased a new stake in ProShares Bitcoin Strategy ETF in the 4th quarter worth approximately $93,213,000. Simplex Trading LLC grew its stake 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 worth $12,227,000 after acquiring an additional 528,205 shares during the period. Acorns Advisers LLC grew its stake 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 worth $31,700,000 after acquiring an additional 208,988 shares during the period. Tower Research Capital LLC TRC purchased a new stake in ProShares Bitcoin Strategy ETF in the 3rd quarter worth approximately $2,204,000. Finally, Total Investment Management Inc. grew its stake 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 worth $4,422,000 after acquiring an additional 136,819 shares during the period.

ProShares Bitcoin Strategy ETF Stock Down 1.8 %

BITO stock traded down $0.52 during midday trading on Friday, hitting $27.70. The stock had a trading volume of 7,664,381 shares, compared to its average volume of 21,679,381. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79. The company’s 50-day moving average price is $29.34 and its 200 day moving average price is $23.04.

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.