ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 24,910,342 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 13,665,311 shares.The stock last traded at $12.7720 and had previously closed at $12.93.
ProShares Bitcoin ETF Stock Performance
The business has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $19.11.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BITO. KERR FINANCIAL PLANNING Corp bought a new stake in ProShares Bitcoin ETF in the third quarter valued at approximately $153,000. Tcfg Wealth Management LLC grew its holdings in shares of ProShares Bitcoin ETF by 332.4% in the 3rd quarter. Tcfg Wealth Management LLC now owns 54,736 shares of the company’s stock valued at $1,077,000 after buying an additional 42,078 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of ProShares Bitcoin ETF by 432.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $42,000 after buying an additional 1,728 shares during the period. Advisory Services Network LLC increased its position in shares of ProShares Bitcoin ETF by 11.7% in the 3rd quarter. Advisory Services Network LLC now owns 37,062 shares of the company’s stock valued at $729,000 after buying an additional 3,880 shares in the last quarter. Finally, Triumph Capital Management raised its stake in ProShares Bitcoin ETF by 11.8% during the 3rd quarter. Triumph Capital Management now owns 40,061 shares of the company’s stock worth $788,000 after buying an additional 4,234 shares during the period.
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.
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