Hoey Investments Inc. acquired a new stake in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,124 shares of the company’s stock, valued at approximately $299,000.
Several other hedge funds and other institutional investors have also made changes to their positions in BITO. Summit Securities Group LLC lifted its holdings in ProShares Bitcoin ETF by 143.4% during the 4th quarter. Summit Securities Group LLC now owns 371,498 shares of the company’s stock worth $8,463,000 after buying an additional 218,898 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of ProShares Bitcoin ETF by 64.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 43,681 shares of the company’s stock worth $995,000 after acquiring an additional 17,117 shares during the period. Blair William & Co. IL raised its stake in shares of ProShares Bitcoin ETF by 133.1% in the fourth quarter. Blair William & Co. IL now owns 8,733 shares of the company’s stock valued at $199,000 after acquiring an additional 4,987 shares in the last quarter. Ausdal Financial Partners Inc. boosted its holdings in ProShares Bitcoin ETF by 92.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 44,488 shares of the company’s stock valued at $1,013,000 after purchasing an additional 21,350 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new position in ProShares Bitcoin ETF during the 4th quarter worth $318,000.
ProShares Bitcoin ETF Stock Performance
Shares of NYSEARCA BITO opened at $18.66 on Monday. The stock’s 50-day moving average is $21.40 and its two-hundred day moving average is $21.78. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $31.73.
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.
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