Marathon Trading Investment Management LLC Has $445,000 Stock Holdings in ProShares Bitcoin ETF $BITO

Marathon Trading Investment Management LLC cut its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,702 shares of the company’s stock after selling 3,700 shares during the period. Marathon Trading Investment Management LLC’s holdings in ProShares Bitcoin ETF were worth $445,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BITO. Dagco Inc. bought a new position in shares of ProShares Bitcoin ETF in the 1st quarter worth $29,000. Cedar Mountain Advisors LLC grew its position in ProShares Bitcoin ETF by 43.7% in the second quarter. Cedar Mountain Advisors LLC now owns 1,801 shares of the company’s stock worth $39,000 after acquiring an additional 548 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in ProShares Bitcoin ETF by 1,793.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,689 shares of the company’s stock valued at $49,000 after acquiring an additional 2,547 shares during the last quarter. Headlands Technologies LLC raised its position in ProShares Bitcoin ETF by 368.9% during the first quarter. Headlands Technologies LLC now owns 3,418 shares of the company’s stock valued at $63,000 after purchasing an additional 2,689 shares in the last quarter. Finally, CWM LLC lifted its stake in ProShares Bitcoin ETF by 30.0% during the first quarter. CWM LLC now owns 5,604 shares of the company’s stock worth $103,000 after purchasing an additional 1,294 shares during the last quarter.

ProShares Bitcoin ETF Trading Up 2.8%

Shares of ProShares Bitcoin ETF stock opened at $16.26 on Friday. ProShares Bitcoin ETF has a 12 month low of $15.59 and a 12 month high of $27.88. The business’s 50-day moving average price is $18.88 and its 200-day moving average price is $20.54.

ProShares Bitcoin ETF Company 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.