ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. reduced its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,611 shares of the company’s stock after selling 2,326 shares during the period. Stegent Equity Advisors Inc.’s holdings in ProShares Bitcoin ETF were worth $857,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Millington Financial Advisors LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth about $219,000. Wealth Management Nebraska acquired a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth about $349,000. Concurrent Investment Advisors LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth about $229,000. Atria Wealth Solutions Inc. acquired a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth about $363,000. Finally, Tcfg Wealth Management LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth about $865,000.

ProShares Bitcoin ETF Stock Down 4.2 %

ProShares Bitcoin ETF stock opened at $19.57 on Thursday. ProShares Bitcoin ETF has a 12-month low of $16.11 and a 12-month high of $33.79. The firm’s 50-day moving average is $23.44 and its two-hundred day moving average is $21.73.

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.