Benjamin Edwards Inc. Makes New $37,000 Investment in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Benjamin Edwards Inc. acquired a new position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,811 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. purchased a new position in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at about $74,000. HighTower Advisors LLC raised its position in shares of ProShares Bitcoin Strategy ETF by 8.1% in the 3rd quarter. HighTower Advisors LLC now owns 73,379 shares of the company’s stock worth $1,011,000 after acquiring an additional 5,516 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at approximately $303,000. EisnerAmper Wealth Management Corporate Benefits LLC bought a new stake in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $275,000. Finally, International Assets Investment Management LLC purchased a new stake in ProShares Bitcoin Strategy ETF in the fourth quarter worth $283,000.

ProShares Bitcoin Strategy ETF Price Performance

Shares of ProShares Bitcoin Strategy ETF stock opened at $25.22 on Friday. ProShares Bitcoin Strategy ETF has a 12 month low of $12.79 and a 12 month high of $33.79. The business has a fifty day simple moving average of $29.41 and a two-hundred day simple moving average of $23.43.

ProShares Bitcoin Strategy ETF 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.