Total Investment Management Inc. Acquires 81,836 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Total Investment Management Inc. boosted its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 118.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,982 shares of the company’s stock after acquiring an additional 81,836 shares during the period. ProShares Bitcoin ETF accounts for approximately 0.3% of Total Investment Management Inc.’s holdings, making the stock its 18th biggest holding. Total Investment Management Inc. owned 0.18% of ProShares Bitcoin ETF worth $2,897,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of ProShares Bitcoin ETF by 170.8% during the first quarter. Jane Street Group LLC now owns 19,154,637 shares of the company’s stock valued at $618,695,000 after purchasing an additional 12,081,007 shares in the last quarter. Sylebra Capital LLC bought a new stake in shares of ProShares Bitcoin ETF during the 1st quarter valued at $24,996,000. Whitebox Advisors LLC grew its position in shares of ProShares Bitcoin ETF by 41.6% in the 1st quarter. Whitebox Advisors LLC now owns 538,000 shares of the company’s stock worth $17,377,000 after buying an additional 158,175 shares during the period. K2 Principal Fund L.P. bought a new position in shares of ProShares Bitcoin ETF in the 1st quarter worth about $4,203,000. Finally, SIG North Trading ULC purchased a new position in ProShares Bitcoin ETF during the 2nd quarter valued at about $1,857,000.

ProShares Bitcoin ETF Price Performance

NYSEARCA:BITO opened at $23.26 on Tuesday. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $33.79. The company’s 50-day simple moving average is $18.72 and its 200 day simple moving average is $21.64.

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.