Shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) saw an uptick in trading volume on Wednesday . 188,159,126 shares were traded during mid-day 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 firm has a 50-day simple moving average of $9.31 and a two-hundred day simple moving average of $10.14.
Hedge Funds Weigh In On ProShares Bitcoin ETF
A number of hedge funds have recently bought and sold shares of the business. Cerity Partners LLC lifted its holdings in ProShares Bitcoin ETF by 4.1% in the second quarter. Cerity Partners LLC now owns 16,298 shares of the company’s stock valued at $351,000 after buying an additional 635 shares during the period. Lido Advisors LLC grew its holdings in ProShares Bitcoin ETF by 8.9% during the 3rd quarter. Lido Advisors LLC now owns 10,673 shares of the company’s stock worth $210,000 after acquiring an additional 874 shares during the period. Bank of America Corp DE raised its position in shares of ProShares Bitcoin ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 52,200 shares of the company’s stock worth $1,027,000 after acquiring an additional 1,000 shares in the last quarter. Blair William & Co. IL raised its position in shares of ProShares Bitcoin ETF by 10.9% in the 3rd quarter. Blair William & Co. IL now owns 11,216 shares of the company’s stock worth $221,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new position in shares of ProShares Bitcoin ETF in the 3rd quarter valued at about $26,000.
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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