ProShares Bitcoin ETF Sees Unusually High Options Volume (NYSEARCA:BITO)

ProShares Bitcoin ETF (NYSEARCA:BITO) saw unusually large options trading activity on Wednesday. Traders purchased 726,285 call options on the stock. This represents an increase of 669% compared to the average volume of 94,438 call options.

Institutional Trading of ProShares Bitcoin ETF

Several hedge funds have recently modified their holdings of the stock. NBT Bank N A NY grew its position in shares of ProShares Bitcoin ETF by 1,090.0% in the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock valued at $27,000 after purchasing an additional 1,090 shares during the period. Concourse Financial Group Securities Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 650.9% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 1,284 shares of the company’s stock valued at $29,000 after buying an additional 1,113 shares during the period. ORG Partners LLC bought a new stake in shares of ProShares Bitcoin ETF during the first quarter worth $32,000. Bay Harbor Wealth Management LLC raised its holdings in shares of ProShares Bitcoin ETF by 152.2% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock worth $34,000 after acquiring an additional 904 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in ProShares Bitcoin ETF in the 4th quarter valued at $34,000.

ProShares Bitcoin ETF Stock Performance

ProShares Bitcoin ETF stock opened at $20.42 on Friday. The business has a 50 day simple moving average of $18.94 and a 200 day simple moving average of $21.80. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $28.97.

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.