Faithward Advisors LLC decreased its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 62.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 237,118 shares of the company’s stock after selling 394,287 shares during the period. Faithward Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $2,883,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of ProShares Bitcoin ETF during the third quarter valued at approximately $26,000. Caitlin John LLC bought a new position in shares of ProShares Bitcoin ETF during the third quarter valued at approximately $29,000. Barclays PLC increased its stake in shares of ProShares Bitcoin ETF by 210,000.0% during the fourth quarter. Barclays PLC now owns 2,101 shares of the company’s stock valued at $26,000 after purchasing an additional 2,100 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of ProShares Bitcoin ETF by 432.0% during the third 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 in the last quarter. Finally, Signature Resources Capital Management LLC bought a new position in shares of ProShares Bitcoin ETF during the fourth quarter valued at approximately $31,000.
ProShares Bitcoin ETF Stock Up 4.6%
Shares of NYSEARCA BITO opened at $9.05 on Tuesday. ProShares Bitcoin ETF has a fifty-two week low of $8.05 and a fifty-two week high of $23.49. The company has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $10.85.
ProShares Bitcoin ETF 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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Want to see what other hedge funds are holding BITO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report).
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