PFG Investments LLC acquired a new position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 20,053 shares of the company’s stock, valued at approximately $648,000.
A number of other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in shares of ProShares Bitcoin Strategy ETF by 19.5% in the fourth quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock worth $66,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC lifted its position in shares of ProShares Bitcoin Strategy ETF by 6.4% in the third quarter. Signaturefd LLC now owns 10,659 shares of the company’s stock worth $147,000 after buying an additional 642 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter worth about $25,000. Gradient Investments LLC lifted its position in shares of ProShares Bitcoin Strategy ETF by 5.1% in the fourth quarter. Gradient Investments LLC now owns 35,757 shares of the company’s stock worth $733,000 after buying an additional 1,734 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter worth about $37,000.
ProShares Bitcoin Strategy ETF Trading Down 1.0 %
BITO stock traded down $0.29 during midday trading on Monday, reaching $27.41. 5,789,404 shares of the company traded hands, compared to its average volume of 21,486,717. ProShares Bitcoin Strategy ETF has a 52-week low of $12.79 and a 52-week high of $33.79. The business has a 50 day moving average of $29.40 and a 200-day moving average of $23.21.
ProShares Bitcoin Strategy 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.
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Want to see what other hedge funds are holding BITO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report).
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