Dynamic Advisor Solutions LLC Lowers Position in ProShares Bitcoin ETF $BITO

Dynamic Advisor Solutions LLC trimmed its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 94.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,359 shares of the company’s stock after selling 195,430 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in ProShares Bitcoin ETF were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BITO. Acorns Advisers LLC boosted its position in shares of ProShares Bitcoin ETF by 16.5% during the third quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock valued at $90,060,000 after purchasing an additional 647,924 shares in the last quarter. Tidal Investments LLC raised its holdings in ProShares Bitcoin ETF by 139.3% in the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock worth $17,165,000 after purchasing an additional 530,987 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ProShares Bitcoin ETF by 112.2% during the second quarter. JPMorgan Chase & Co. now owns 33,170 shares of the company’s stock valued at $713,000 after buying an additional 304,338 shares during the period. Quadrature Capital Ltd purchased a new position in ProShares Bitcoin ETF during the third quarter valued at $4,596,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of ProShares Bitcoin ETF during the 2nd quarter valued at $1,780,000.

ProShares Bitcoin ETF Stock Down 3.7%

NYSEARCA:BITO opened at $9.07 on Friday. The firm’s 50-day moving average price is $10.13 and its 200-day moving average price is $13.88. ProShares Bitcoin ETF has a 1-year low of $8.61 and a 1-year high of $23.63.

ProShares Bitcoin ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.0143 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from ProShares Bitcoin ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.9%.

ProShares Bitcoin ETF 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.