Cannon Advisors Inc. Acquires 3,907 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Cannon Advisors Inc. grew its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,721 shares of the company’s stock after buying an additional 3,907 shares during the quarter. Cannon Advisors Inc.’s holdings in ProShares Bitcoin ETF were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of ProShares Bitcoin ETF by 9.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,474 shares of the company’s stock valued at $125,000 after buying an additional 464 shares during the last quarter. Harbour Investments Inc. lifted its stake in ProShares Bitcoin ETF by 18.8% in the fourth quarter. Harbour Investments Inc. now owns 2,944 shares of the company’s stock valued at $67,000 after acquiring an additional 466 shares during the last quarter. Brookstone Capital Management lifted its stake in ProShares Bitcoin ETF by 4.0% in the fourth quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock valued at $307,000 after acquiring an additional 517 shares during the last quarter. PFG Investments LLC grew its position in shares of ProShares Bitcoin ETF by 2.2% in the 4th quarter. PFG Investments LLC now owns 26,845 shares of the company’s stock valued at $612,000 after acquiring an additional 582 shares during the period. Finally, Caitlin John LLC raised its holdings in shares of ProShares Bitcoin ETF by 35.7% in the 4th quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock valued at $71,000 after purchasing an additional 820 shares during the period.

ProShares Bitcoin ETF Trading Down 1.8 %

Shares of NYSEARCA:BITO opened at $18.32 on Tuesday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $31.73. The company has a 50-day simple moving average of $21.25 and a 200 day simple moving average of $21.79.

ProShares Bitcoin 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.