Simplex Trading LLC Grows Stock Holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Simplex Trading LLC grew its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 770.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 596,737 shares of the company’s stock after buying an additional 528,205 shares during the period. Simplex Trading LLC owned 0.83% of ProShares Bitcoin Strategy ETF worth $12,227,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $25,000. Valley National Advisers Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $40,000. Larson Financial Group LLC lifted its holdings in shares of ProShares Bitcoin Strategy ETF by 19.5% during the 4th quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock valued at $66,000 after acquiring an additional 527 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $74,000. Finally, Interchange Capital Partners LLC acquired a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $132,000.

ProShares Bitcoin Strategy ETF Stock Performance

Shares of NYSEARCA:BITO traded down $0.52 during midday trading on Friday, hitting $27.70. 7,606,121 shares of the company’s stock traded hands, compared to its average volume of 21,679,381. The firm’s fifty day moving average price is $29.28 and its two-hundred day moving average price is $22.89. ProShares Bitcoin Strategy ETF has a twelve month low of $12.79 and a twelve month high of $33.79.

ProShares Bitcoin Strategy ETF 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.