ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Shares Gap Down to $21.69

ProShares Bitcoin Strategy ETF (NYSEARCA:BITOGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $21.69, but opened at $21.09. ProShares Bitcoin Strategy ETF shares last traded at $21.19, with a volume of 1,406,516 shares.

ProShares Bitcoin Strategy ETF Stock Down 2.4 %

The stock’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $25.47.

Institutional Investors Weigh In On ProShares Bitcoin Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in ProShares Bitcoin Strategy ETF by 170.8% in the first quarter. Jane Street Group LLC now owns 19,154,637 shares of the company’s stock worth $618,695,000 after purchasing an additional 12,081,007 shares during the period. Sylebra Capital LLC purchased a new stake in ProShares Bitcoin Strategy ETF in the first quarter worth about $24,996,000. Whitebox Advisors LLC grew its holdings in ProShares Bitcoin Strategy ETF by 41.6% in the first quarter. Whitebox Advisors LLC now owns 538,000 shares of the company’s stock worth $17,377,000 after purchasing an additional 158,175 shares during the period. Wick Capital Partners LLC purchased a new stake in ProShares Bitcoin Strategy ETF in the first quarter worth about $318,000. Finally, K2 Principal Fund L.P. purchased a new stake in ProShares Bitcoin Strategy ETF in the first quarter worth about $4,203,000.

ProShares Bitcoin Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

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