HighTower Advisors LLC Raises Stock Holdings in ProShares Bitcoin ETF $BITO

HighTower Advisors LLC grew its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 1,197.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 396,126 shares of the company’s stock after acquiring an additional 365,596 shares during the period. HighTower Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $4,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BITO. Kelleher Financial Advisors purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $26,000. Caitlin John LLC purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $29,000. Signature Resources Capital Management LLC purchased a new stake in ProShares Bitcoin ETF in the 4th quarter worth approximately $31,000. Sunbelt Securities Inc. lifted its holdings in ProShares Bitcoin ETF by 432.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock worth $42,000 after buying an additional 1,728 shares during the period. Finally, MAI Capital Management purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $54,000.

ProShares Bitcoin ETF Price Performance

Shares of ProShares Bitcoin ETF stock opened at $10.01 on Friday. The company’s fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $11.34. ProShares Bitcoin ETF has a 12-month low of $8.61 and a 12-month high of $23.49.

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.