Brookstone Capital Management Sells 1,591 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Brookstone Capital Management reduced its position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,128 shares of the company’s stock after selling 1,591 shares during the period. Brookstone Capital Management’s holdings in ProShares Bitcoin Strategy ETF were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of ProShares Bitcoin Strategy ETF by 170.8% during the 1st 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 during the last quarter. Sylebra Capital LLC bought a new stake in shares of ProShares Bitcoin Strategy ETF during the first quarter worth $24,996,000. Simplex Trading LLC increased its holdings in shares of ProShares Bitcoin Strategy ETF by 770.7% during the fourth quarter. Simplex Trading LLC now owns 596,737 shares of the company’s stock worth $12,227,000 after buying an additional 528,205 shares in the last quarter. United Capital Management of KS Inc. bought a new position in shares of ProShares Bitcoin Strategy ETF in the 1st quarter valued at $13,228,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Bitcoin Strategy ETF during the 1st quarter valued at $10,641,000.

ProShares Bitcoin Strategy ETF Stock Up 0.8 %

Shares of BITO opened at $19.36 on Wednesday. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79. The business has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $25.53.

ProShares Bitcoin Strategy 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.