HighTower Advisors LLC Cuts Position in ProShares Bitcoin ETF $BITO

HighTower Advisors LLC trimmed its position in ProShares Bitcoin ETF (NYSEARCA:BITO) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,235 shares of the company’s stock after selling 2,670 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $536,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BITO. ORG Partners LLC purchased a new position in shares of ProShares Bitcoin ETF in the 1st quarter worth about $32,000. CoreCap Advisors LLC purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth about $34,000. BOKF NA purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth about $35,000. Copia Wealth Management purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth about $37,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth about $49,000.

ProShares Bitcoin ETF Stock Performance

ProShares Bitcoin ETF stock opened at $19.54 on Friday. The stock’s 50-day moving average is $21.47 and its 200-day moving average is $20.68. ProShares Bitcoin ETF has a 12 month low of $16.11 and a 12 month high of $27.88.

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.