ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) shares saw an uptick in trading volume on Wednesday . 24,910,342 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 13,665,311 shares.The stock last traded at $12.7720 and had previously closed at $12.93.
ProShares Bitcoin ETF Stock Performance
The business has a 50 day moving average of $15.85 and a 200-day moving average of $19.11.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BITO. Goldman Sachs Group Inc. grew its holdings in ProShares Bitcoin ETF by 152.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,168,833 shares of the company’s stock worth $149,653,000 after purchasing an additional 4,939,205 shares during the period. RK Capital Management LLC FL boosted its stake in shares of ProShares Bitcoin ETF by 374.5% during the 2nd quarter. RK Capital Management LLC FL now owns 833,600 shares of the company’s stock worth $17,931,000 after acquiring an additional 657,910 shares during the period. Acorns Advisers LLC increased its holdings in shares of ProShares Bitcoin ETF by 16.5% during the 3rd quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock worth $90,060,000 after acquiring an additional 647,924 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of ProShares Bitcoin ETF by 139.3% during the 3rd quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock worth $17,165,000 after acquiring an additional 530,987 shares during the last quarter. Finally, Fielder Capital Group LLC bought a new stake in ProShares Bitcoin ETF in the 2nd quarter valued at $9,549,000.
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
- How to Invest in Biotech Stocks
- 4 Quantum Stocks to Watch as the Next Computing Revolution Unfolds
- Canada Bond Market Holiday: How to Invest and Trade
- Massive Breakout in Industrials: 3 Must-Watch Stocks Now
- Asset Allocation Strategies in Volatile Markets
- 3 Tech Stocks Down Over 60%—Which One Is Worth Buying?
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.
