ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 20,992 call options on the company. This is an increase of approximately 51% compared to the typical volume of 13,887 call options.
ProShares Bitcoin ETF Stock Up 1.9%
NYSEARCA:BITO traded up $0.15 during trading hours on Wednesday, hitting $8.13. 228,117,157 shares of the stock were exchanged, compared to its average volume of 127,268,914. The company’s 50 day moving average is $9.68 and its two-hundred day moving average is $10.41. ProShares Bitcoin ETF has a twelve month low of $7.87 and a twelve month high of $23.49.
Hedge Funds Weigh In On ProShares Bitcoin ETF
Several large investors have recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in ProShares Bitcoin ETF in the third quarter worth about $26,000. Barclays PLC lifted its position in ProShares Bitcoin ETF by 210,000.0% during the 4th quarter. Barclays PLC now owns 2,101 shares of the company’s stock valued at $26,000 after purchasing an additional 2,100 shares during the period. Signature Resources Capital Management LLC acquired a new position in ProShares Bitcoin ETF during the 4th quarter valued at about $31,000. Ramsey Quantitative Systems bought a new position in shares of ProShares Bitcoin ETF in the 1st quarter valued at about $37,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of ProShares Bitcoin ETF by 432.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $42,000 after purchasing an additional 1,728 shares during the last quarter.
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.
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