ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Shares Gap Up to $12.25

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Rating)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.25, but opened at $13.80. ProShares Bitcoin Strategy ETF shares last traded at $13.82, with a volume of 5,107,540 shares trading hands.

ProShares Bitcoin Strategy ETF Stock Up 3.3 %

The company’s 50 day simple moving average is $13.78 and its 200 day simple moving average is $12.23.

Institutional Investors Weigh In On ProShares Bitcoin Strategy ETF

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of ProShares Bitcoin Strategy ETF by 7.5% during the 1st quarter. US Bancorp DE now owns 14,393 shares of the company’s stock worth $411,000 after buying an additional 1,000 shares during the last quarter. Laurel Wealth Advisors Inc. raised its stake in shares of ProShares Bitcoin Strategy ETF by 4.9% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 23,956 shares of the company’s stock worth $226,000 after buying an additional 1,129 shares during the last quarter. Diligent Investors LLC increased its position in ProShares Bitcoin Strategy ETF by 9.9% during the 4th quarter. Diligent Investors LLC now owns 21,106 shares of the company’s stock worth $220,000 after purchasing an additional 1,900 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in ProShares Bitcoin Strategy ETF during the 3rd quarter worth about $25,000. Finally, Chiron Capital Management LLC increased its position in ProShares Bitcoin Strategy ETF by 17.2% during the 3rd quarter. Chiron Capital Management LLC now owns 15,700 shares of the company’s stock worth $188,000 after purchasing an additional 2,300 shares in the last quarter.

ProShares Bitcoin Strategy ETF Company Profile

(Get Rating)

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.