ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $11.67 and last traded at $11.7020, with a volume of 25270266 shares changing hands. The stock had previously closed at $12.34.
ProShares Bitcoin ETF Price Performance
The business has a 50-day moving average of $12.95 and a 200 day moving average of $17.25.
Institutional Investors Weigh In On ProShares Bitcoin ETF
Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in shares of ProShares Bitcoin ETF by 6.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 23,289 shares of the company’s stock worth $427,000 after buying an additional 1,339 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in ProShares Bitcoin ETF by 18.6% in the second quarter. Consolidated Portfolio Review Corp now owns 14,179 shares of the company’s stock worth $305,000 after acquiring an additional 2,220 shares in the last quarter. Realta Investment Advisors raised its position in ProShares Bitcoin ETF by 47.6% during the second quarter. Realta Investment Advisors now owns 213,521 shares of the company’s stock valued at $4,593,000 after purchasing an additional 68,849 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of ProShares Bitcoin ETF by 43.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock valued at $39,000 after purchasing an additional 548 shares during the last quarter. Finally, Wealth Management Nebraska lifted its stake in shares of ProShares Bitcoin ETF by 16.3% in the 2nd quarter. Wealth Management Nebraska now owns 19,335 shares of the company’s stock valued at $413,000 after purchasing an additional 2,708 shares during the last quarter.
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.
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