ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $9.25, but opened at $9.71. ProShares Bitcoin ETF shares last traded at $9.80, with a volume of 82,091,694 shares trading hands.
ProShares Bitcoin ETF Stock Performance
The stock’s fifty day simple moving average is $8.67 and its 200-day simple moving average is $9.43.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BITO. Kelleher Financial Advisors bought a new stake in ProShares Bitcoin ETF in the 3rd quarter worth about $26,000. Barclays PLC increased its stake in ProShares Bitcoin ETF by 210,000.0% in the 4th quarter. Barclays PLC now owns 2,101 shares of the company’s stock valued at $26,000 after buying an additional 2,100 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of ProShares Bitcoin ETF during the 1st quarter worth approximately $37,000. Sunbelt Securities Inc. lifted its position in shares of ProShares Bitcoin ETF by 432.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock worth $42,000 after buying an additional 1,728 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of ProShares Bitcoin ETF by 422.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,100 shares of the company’s stock worth $67,000 after buying an additional 2,507 shares during the last quarter.
About ProShares Bitcoin ETF
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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