International Assets Investment Management LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,831 shares of the company’s stock, valued at approximately $283,000.
A number of other institutional investors and hedge funds have also made changes to their positions in BITO. Commonwealth Retirement Investments LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the fourth quarter worth about $205,000. UMB Bank n.a. purchased a new stake in ProShares Bitcoin Strategy ETF during the fourth quarter worth about $74,000. SevenBridge Financial Group LLC boosted its holdings in ProShares Bitcoin Strategy ETF by 16.8% during the fourth quarter. SevenBridge Financial Group LLC now owns 15,831 shares of the company’s stock worth $324,000 after buying an additional 2,275 shares in the last quarter. Gradient Investments LLC boosted its holdings in ProShares Bitcoin Strategy ETF by 5.1% during 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, ARK Investment Management LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the fourth quarter worth about $93,213,000.
ProShares Bitcoin Strategy ETF Stock Down 1.8 %
Shares of NYSEARCA BITO opened at $27.70 on Friday. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79. The firm’s 50-day moving average is $29.34 and its two-hundred day moving average is $23.04.
ProShares Bitcoin Strategy ETF 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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