ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) saw unusually large options trading activity on Thursday. Stock investors purchased 15,377 put options on the stock. This represents an increase of 19% compared to the average volume of 12,949 put options.
ProShares Bitcoin ETF Stock Performance
NYSEARCA:BITO opened at $11.33 on Friday. The firm has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.69. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $20.91.
Institutional Trading of ProShares Bitcoin ETF
Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC increased its holdings in shares of ProShares Bitcoin ETF by 14.2% in the 1st quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock valued at $4,285,000 after acquiring an additional 57,065 shares during the period. HighTower Advisors LLC raised its holdings in ProShares Bitcoin ETF by 371.3% in the second quarter. HighTower Advisors LLC now owns 421,623 shares of the company’s stock worth $3,365,000 after purchasing an additional 332,162 shares in the last quarter. LFG Wealth Partners LLC purchased a new stake in shares of ProShares Bitcoin ETF during the first quarter valued at about $667,000. IMC Chicago LLC purchased a new position in shares of ProShares Bitcoin ETF in the 2nd quarter worth approximately $10,223,000. Finally, SJS Investment Consulting Inc. bought a new position in shares of ProShares Bitcoin ETF during the 1st quarter worth approximately $172,000.
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.
See Also
- Five stocks we like better than ProShares Bitcoin ETF
- Inhibrx’s Insider Buying Adds Fuel to a High-Short-Interest Biotech Setup
- Alamos Gold’s 1 Million-Ounce Growth Story Is Hiding in Plain Sight
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
Receive News & Ratings for ProShares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
