Total Investment Management Inc. Buys 136,819 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Total Investment Management Inc. grew its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 173.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,808 shares of the company’s stock after buying an additional 136,819 shares during the period. ProShares Bitcoin Strategy ETF makes up 0.6% of Total Investment Management Inc.’s portfolio, making the stock its 16th biggest position. Total Investment Management Inc.’s holdings in ProShares Bitcoin Strategy ETF were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC raised its position in shares of ProShares Bitcoin Strategy ETF by 19.5% in the 4th quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock valued at $66,000 after acquiring an additional 527 shares during the period. Signaturefd LLC raised its holdings in ProShares Bitcoin Strategy ETF by 6.4% in the third quarter. Signaturefd LLC now owns 10,659 shares of the company’s stock worth $147,000 after purchasing an additional 642 shares during the period. Geneos Wealth Management Inc. acquired a new stake in ProShares Bitcoin Strategy ETF in the fourth quarter worth $25,000. Gradient Investments LLC boosted its position in shares of ProShares Bitcoin Strategy ETF by 5.1% during the fourth quarter. Gradient Investments LLC now owns 35,757 shares of the company’s stock worth $733,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at $40,000.

ProShares Bitcoin Strategy ETF Stock Performance

BITO opened at $27.70 on Friday. ProShares Bitcoin Strategy ETF has a 12 month low of $12.79 and a 12 month high of $33.79. The company has a fifty day simple moving average of $29.34 and a 200 day simple moving average of $23.04.

About ProShares Bitcoin Strategy 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.