Proficio Capital Partners LLC Has $50.73 Million Stock Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Proficio Capital Partners LLC increased its position in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 1,184.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,226,893 shares of the company’s stock after buying an additional 2,053,458 shares during the quarter. Proficio Capital Partners LLC owned 2.68% of ProShares Bitcoin ETF worth $50,729,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new stake in ProShares Bitcoin ETF during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after acquiring an additional 1,172 shares in the last quarter. Bay Harbor Wealth Management LLC boosted its holdings in shares of ProShares Bitcoin ETF by 152.2% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock worth $34,000 after acquiring an additional 904 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of ProShares Bitcoin ETF in the 3rd quarter worth approximately $29,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of ProShares Bitcoin ETF in the 4th quarter worth approximately $49,000.

ProShares Bitcoin ETF Price Performance

Shares of BITO opened at $19.33 on Friday. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $33.79. The business’s 50 day simple moving average is $23.34 and its 200-day simple moving average is $21.71.

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.