ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) shares saw an uptick in trading volume on Wednesday . 188,159,126 shares traded hands during trading, an increase of 36% from the previous session’s volume of 138,594,406 shares.The stock last traded at $8.88 and had previously closed at $8.75.
ProShares Bitcoin ETF Trading Up 0.8%
The stock’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $10.14.
Institutional Trading of ProShares Bitcoin ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in ProShares Bitcoin ETF by 120.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,761,837 shares of the company’s stock valued at $82,224,000 after acquiring an additional 3,700,000 shares during the period. Acorns Advisers LLC boosted its holdings in shares of ProShares Bitcoin ETF by 37.1% during the fourth quarter. Acorns Advisers LLC now owns 6,274,599 shares of the company’s stock worth $76,299,000 after acquiring an additional 1,698,373 shares during the period. Tidal Investments LLC grew its position in shares of ProShares Bitcoin ETF by 139.3% in the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock valued at $17,165,000 after purchasing an additional 530,987 shares during the last quarter. Fielder Capital Group LLC grew its position in shares of ProShares Bitcoin ETF by 22.5% in the fourth quarter. Fielder Capital Group LLC now owns 623,036 shares of the company’s stock valued at $7,576,000 after purchasing an additional 114,561 shares during the last quarter. Finally, Group One Trading LLC grew its position in shares of ProShares Bitcoin ETF by 14.2% in the first quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock valued at $4,285,000 after purchasing an additional 57,065 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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