RK Capital Management LLC FL Has $17.93 Million Stock Position in ProShares Bitcoin ETF $BITO

RK Capital Management LLC FL boosted its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 374.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833,600 shares of the company’s stock after acquiring an additional 657,910 shares during the period. ProShares Bitcoin ETF accounts for about 0.2% of RK Capital Management LLC FL’s investment portfolio, making the stock its largest holding. RK Capital Management LLC FL owned about 0.69% of ProShares Bitcoin ETF worth $17,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Interchange Capital Partners LLC increased its stake in shares of ProShares Bitcoin ETF by 3.2% during the second quarter. Interchange Capital Partners LLC now owns 14,658 shares of the company’s stock valued at $315,000 after purchasing an additional 455 shares in the last quarter. Blair William & Co. IL increased its position in ProShares Bitcoin ETF by 6.3% during the 1st quarter. Blair William & Co. IL now owns 9,280 shares of the company’s stock valued at $170,000 after buying an additional 547 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in ProShares Bitcoin ETF by 43.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock valued at $39,000 after buying an additional 548 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in ProShares Bitcoin ETF by 10.3% in the first quarter. Geneos Wealth Management Inc. now owns 6,039 shares of the company’s stock worth $111,000 after acquiring an additional 565 shares in the last quarter. Finally, Triumph Capital Management grew its stake in shares of ProShares Bitcoin ETF by 1.7% in the second quarter. Triumph Capital Management now owns 35,827 shares of the company’s stock worth $771,000 after acquiring an additional 604 shares during the last quarter.

ProShares Bitcoin ETF Stock Down 2.1%

BITO opened at $13.66 on Wednesday. The stock has a 50-day moving average price of $17.71 and a 200-day moving average price of $20.05. ProShares Bitcoin ETF has a 1 year low of $12.89 and a 1 year high of $27.88.

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.