Private Advisor Group LLC Sells 2,535 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Private Advisor Group LLC lessened its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,169 shares of the company’s stock after selling 2,535 shares during the quarter. Private Advisor Group LLC’s holdings in ProShares Bitcoin ETF were worth $310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in ProShares Bitcoin ETF during the 1st quarter worth approximately $322,000. Oppenheimer & Co. Inc. grew its holdings in shares of ProShares Bitcoin ETF by 12.9% during the first quarter. Oppenheimer & Co. Inc. now owns 11,979 shares of the company’s stock worth $387,000 after buying an additional 1,373 shares in the last quarter. Headlands Technologies LLC raised its position in ProShares Bitcoin ETF by 48.4% in the 1st quarter. Headlands Technologies LLC now owns 23,511 shares of the company’s stock valued at $759,000 after buying an additional 7,664 shares during the last quarter. Delta Investment Management LLC lifted its stake in ProShares Bitcoin ETF by 25.9% in the 1st quarter. Delta Investment Management LLC now owns 30,146 shares of the company’s stock valued at $974,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Natixis bought a new stake in ProShares Bitcoin ETF in the 1st quarter valued at approximately $40,000.

ProShares Bitcoin ETF Trading Up 9.8 %

NYSEARCA BITO opened at $20.56 on Thursday. ProShares Bitcoin ETF has a 12-month low of $16.11 and a 12-month high of $33.79. The firm’s 50 day moving average is $18.57 and its 200-day moving average is $21.83.

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.