Shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $12.63, but opened at $13.11. ProShares Bitcoin ETF shares last traded at $13.3190, with a volume of 2,390,659 shares traded.
ProShares Bitcoin ETF Stock Performance
The firm’s 50-day moving average is $16.89 and its two-hundred day moving average is $19.68.
Institutional Trading of ProShares Bitcoin ETF
A number of institutional investors have recently made changes to their positions in BITO. Geneos Wealth Management Inc. boosted its position in ProShares Bitcoin ETF by 10.3% during 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 during the last quarter. ORG Partners LLC lifted its stake in ProShares Bitcoin ETF by 904.8% in the 2nd quarter. ORG Partners LLC now owns 17,886 shares of the company’s stock worth $363,000 after purchasing an additional 16,106 shares in the last quarter. Acorns Advisers LLC boosted its holdings in shares of ProShares Bitcoin ETF by 7.0% during the 2nd quarter. Acorns Advisers LLC now owns 3,928,302 shares of the company’s stock worth $84,498,000 after purchasing an additional 258,155 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of ProShares Bitcoin ETF by 23.8% in the second quarter. Wedbush Securities Inc. now owns 35,260 shares of the company’s stock valued at $758,000 after purchasing an additional 6,786 shares in the last quarter. Finally, Wealth Management Nebraska grew its position in shares of ProShares Bitcoin ETF by 16.3% in the second quarter. Wealth Management Nebraska now owns 19,335 shares of the company’s stock valued at $413,000 after purchasing an additional 2,708 shares in the last quarter.
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.
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