ProShares Bitcoin ETF (NYSEARCA:BITO) Stock Holdings Reduced by Triumph Capital Management

Triumph Capital Management lowered its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,467 shares of the company’s stock after selling 5,778 shares during the quarter. Triumph Capital Management’s holdings in ProShares Bitcoin ETF were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp grew its position in shares of ProShares Bitcoin ETF by 254.4% in the fourth quarter. Northern Trust Corp now owns 60,925 shares of the company’s stock valued at $1,388,000 after purchasing an additional 43,735 shares during the last quarter. Capital Analysts LLC increased its holdings in ProShares Bitcoin ETF by 892.1% in the 4th quarter. Capital Analysts LLC now owns 2,123 shares of the company’s stock valued at $48,000 after buying an additional 1,909 shares during the period. Integrated Wealth Concepts LLC increased its stake in ProShares Bitcoin ETF by 18.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 21,950 shares of the company’s stock valued at $500,000 after acquiring an additional 3,460 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of ProShares Bitcoin ETF by 466.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 67,061 shares of the company’s stock worth $1,528,000 after buying an additional 55,232 shares during the period. Finally, Natixis lifted its holdings in shares of ProShares Bitcoin ETF by 70.4% during the fourth quarter. Natixis now owns 2,088 shares of the company’s stock valued at $48,000 after acquiring an additional 863 shares during the period.

ProShares Bitcoin ETF Stock Performance

NYSEARCA BITO opened at $20.72 on Wednesday. The stock’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $21.79. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $28.97.

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.