HighTower Advisors LLC boosted its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 371.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 421,623 shares of the company’s stock after buying an additional 332,162 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares Bitcoin ETF were worth $3,365,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Group One Trading LLC grew its stake in shares of ProShares Bitcoin ETF by 14.2% during the first quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock worth $4,285,000 after acquiring an additional 57,065 shares during the last quarter. LFG Wealth Partners LLC purchased a new position in shares of ProShares Bitcoin ETF in the 1st quarter valued at approximately $667,000. IMC Chicago LLC purchased a new position in shares of ProShares Bitcoin ETF in the 2nd quarter valued at approximately $10,223,000. Fielder Capital Group LLC raised its position in shares of ProShares Bitcoin ETF by 22.5% in the 4th quarter. Fielder Capital Group LLC now owns 623,036 shares of the company’s stock valued at $7,576,000 after purchasing an additional 114,561 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its stake in ProShares Bitcoin ETF by 174.0% in the 1st quarter. McIlrath & Eck LLC now owns 43,159 shares of the company’s stock worth $402,000 after purchasing an additional 27,405 shares in the last quarter.
ProShares Bitcoin ETF Price Performance
NYSEARCA:BITO opened at $10.37 on Friday. ProShares Bitcoin ETF has a twelve month low of $7.87 and a twelve month high of $20.91. The company’s 50 day moving average is $9.32 and its two-hundred day moving average is $9.53.
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.
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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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