Shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $8.05 and last traded at $8.09, with a volume of 173472123 shares trading hands. The stock had previously closed at $8.47.
ProShares Bitcoin ETF Stock Performance
The firm has a 50 day simple moving average of $9.95 and a 200-day simple moving average of $10.64.
Institutional Investors Weigh In On ProShares Bitcoin ETF
A number of hedge funds have recently made changes to their positions in BITO. Cerity Partners LLC raised its stake in ProShares Bitcoin ETF by 4.1% during the 2nd quarter. Cerity Partners LLC now owns 16,298 shares of the company’s stock worth $351,000 after buying an additional 635 shares during the period. Lido Advisors LLC grew its stake in ProShares Bitcoin ETF by 8.9% in the third quarter. Lido Advisors LLC now owns 10,673 shares of the company’s stock valued at $210,000 after acquiring an additional 874 shares during the period. Bank of America Corp DE grew its stake in ProShares Bitcoin ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 52,200 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,000 shares during the period. Blair William & Co. IL increased its holdings in shares of ProShares Bitcoin ETF by 10.9% in the third 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 bought a new stake in shares of ProShares Bitcoin ETF in the third quarter worth about $26,000.
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.
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