Wealth Enhancement Advisory Services LLC Sells 11,017 Shares of ProShares Bitcoin ETF $BITO

Wealth Enhancement Advisory Services LLC trimmed its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 39.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,662 shares of the company’s stock after selling 11,017 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ProShares Bitcoin ETF were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BITO. Dagco Inc. acquired a new stake in shares of ProShares Bitcoin ETF in the first quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in shares of ProShares Bitcoin ETF in the first quarter valued at approximately $32,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of ProShares Bitcoin ETF by 1,793.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,689 shares of the company’s stock valued at $49,000 after buying an additional 2,547 shares in the last quarter. Headlands Technologies LLC raised its position in shares of ProShares Bitcoin ETF by 368.9% in the first quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock valued at $63,000 after buying an additional 2,689 shares in the last quarter. Finally, CWM LLC raised its position in shares of ProShares Bitcoin ETF by 30.0% in the first quarter. CWM LLC now owns 5,604 shares of the company’s stock valued at $103,000 after buying an additional 1,294 shares in the last quarter.

ProShares Bitcoin ETF Trading Down 3.1%

NYSEARCA BITO opened at $20.11 on Wednesday. ProShares Bitcoin ETF has a 1-year low of $16.48 and a 1-year high of $27.88. The company has a 50 day moving average of $20.23 and a 200-day moving average of $20.59.

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.